Express delivery company FedEx is considering moving its Asia-Pacific hub to Guangzhou from the Philippines, Reuters reported. The US company has signed a letter of intent with Guangzhou Airport Authority to enable it to evaluate the new airport's suitability as an express hub. Guangzhou's new Baiyun airport is due to open in 2004 but FedEx said that any move would not take place until 2007, when the lease expired on the site of its existing base at Subic Bay.
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