FedEx Corp. (FDX) executives said Thursday they may increase the number of cargo aircraft they buy over the next 18 months if proposed tax legislation agreed to by the Obama administration is approved.

A provision of the tax legislation would enable businesses to expense investments faster in 2011.

Chief Executive Fred Smith, speaking on a post-earnings conference call with analysts, said he is supportive of the tax deal overall, but specifically cited the expense provision for businesses.

Later on the call, company executives said they may take advantage of the provision to increase their aircraft acquisitions if it is approved.

-By Bob Sechler; Dow Jones Newswires; 512-258-1690; bob.sechler@dowjones.com
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