Emirates renews three-year contract with FedEx

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About FedEx

FedEx Corp. provides customers and businesses worldwide with the broadest portfolio of transportation, e-commerce and business services. With annual revenues of $25 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brands. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 240,000 employees and contractors to remain 'absolutely, positively' focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit fedex.com.

About FedEx Express
FedEx Express, a subsidiary of FedEx Corp., connects areas that generate 90% of the world's gross domestic product in 24-48 hours with door-to-door, customs-cleared service and a money-back guarantee. The company's unmatched air route authorities and infrastructure make it the world's largest express transportation company, providing fast, reliable and time-definite transportation of more than 3.1 million items to 215 countries each working day. FedEx Express employs more than 136,000 employees and has approximately 50,000 drop-off locations, 645 aircraft and approximately 42,000 motorized vehicles in its integrated global network.

About Emirates
Since its launch in 1985, Emirates Airline has received more than 250 international awards in recognition of its efforts to provide unsurpassed levels of customer service.

The airline has experienced rapid and consistent growth, above 20 per cent a year on average and has been profitable for the last 17 years. Financially self-sustained and unprotected, Emirates carried 10.4 million passengers in the 2003-04 financial year - almost two million more than the year before - and declared a record US$ 429 million profit, an increase of 73.5 per cent over the previous year, on revenue of US $3.6 billion - nearly US$1 billion more, or 37 per cent better than the year before.

Emirates is the world's fastest-growing intercontinental airline, one of the world's five most profitable and among the 20 largest ones. It is based in Dubai, one of the few cities in the world that pursues an open-skies policy, with more than 110 airlines in free and fair competition.

Its 70 all wide-bodied fleet is among the youngest in the skies, with an average age of 46 months. The airline plans to more than double its size by 2012.