News Snapshot:
FedEx will close its heavy maintenance hangar at Los Angeles International Airport next summer and consolidate operations in Indianapolis to reduce costs, ending a piece of aviation history rooted in the acquisition of Flying Tiger Line 35 years ago. The company said the decision to terminate maintenance activity at the LAX hangar was triggered by the expiration of the lease in June 2024, creating the opportunity to gain cost savings by combining resources at the Indianapolis hub. The LAX hangar predominantly worked on McDonnell Douglas aircraft. With FedEx (NYSE: FDX) in the process of retiring 58 MD-11 tri-engine jets after...
