Federal Express Corporation (FedEx) announces the appointment of Eddy Chan as managing director, Taiwan, effective today. He succeeds Tim Ichinose who

Hong Kong, April 24, 1996 -- In his new position, Chan will be responsible for FedEx's overall operations in Taiwan. An 11-year veteran of FedEx, he most recently served as business general manager for Greater China, overseeing corporate business development in Taiwan, Hong Kong, China and Macau. Chan is a 1985 graduate of Hong Kong University and is proficient in Mandarin, Cantonese and English.

Taiwan is playing a more significant role for ever-increasing trade within Asia and between Asia and other global markets, said Chan. This is a very exciting time for me to ensure FedEx continues in its leadership role in such a dynamic and challenging market.

FedEx serves 210 countries, providing fast and reliable package delivery for approximately 2.5 million items each working day. The company has over 119,000 employees, more than 530 aircraft, 37,000 vehicles and nearly 300,000 Powership® and FedEx ShipTM automated systems in its integrated global network. It handles more than 380,000 calls and 35.5 million electronic transmissions daily. Federal Express reported revenues of US$9.4 billion for its 1995 fiscal year.

FedEx currently services the Asia Pacific market with nearly 3,000 employees in 30 countries and territories. The company provides the most extensive trans-Pacific air lift of any major competitor, with wide- bodied MD-11, DC-10 and A310 aircraft flying daily, linking its FedEx AsiaOne network for overnight delivery to major commercial and financial centers throughout Asia. It is the only express transportation carrier in the world using its own aircraft and crews to provide an integrated service into and out of the People's Republic of China.




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