... day.6 Currently, Federal Express operates 76 aircraft, with delivery of 15 Boeing 727-200a#39;s expected in the next few years. ... The Dassault Falcon was the first jet operated by Federal Express. Smith had selected the Falcon in order to avoid Civil Aeronautics Board regulations controlling rates, routes, and services of all aircraft carrying over 7, 500 pounds of freight. ... 8. Robert P. Hanson, Editor- in-Chief, Moodya#39;s Transportation Manual 1983 (New 64 TRANSPORTATION QUARTERLY.