Boeing, Volga-Dnepr Group and CargoLogicHolding announce 35-strong Freighter package

FINN News Team

  • Posted: 18/07/2018

Boeing, Volga-Dnepr Group and CargoLogicHolding announce 35-strong Freighter package

Package include 777 Freighters, 747-8 Freighters and Crew Optimisation Services

Boeing, Volga-Dnepr Group and CargoLogicHolding announce 35-strong Freighter package

Boeing, Volga-Dnepr Group and CargoLogicHolding have signed a package of agreements to which will optimise the cargo transportation leaders' fleet and global operations. 

The deals were announced at the 2018 Farnborough International Airshow and include a letter of intent to acquire 29 Boeing 777 Freighters, confirmation of an order for five Boeing 747-8 Freighters, the purchase of a crew pairing solution, and an agreement to work together on future Freighter projects.

Volga-Dnepr Group is among the world's largest Boeing 747 Freighter operators. The Group, and its subsidiaries and strategic partners have built a global network for transporting unique, oversize and heavy cargo. Volga-Dnepr said it wanted to add more 747-8 Freighters to its fleet and affirmed a commitment to purchasing five more of the jets valued at $2 billion in current list prices.

Fast-changing requirements of global customers

Alexey Isaykin, President of Volga-Dnepr Group and Chairman of CargoLogicHolding said: "This is a very significant day in our company's history. With this package of agreements, we will grow our business with the unique and unmatched 747-8 Freighter and open new market opportunities with the 777 Freighter, the world's longest range twin-engine cargo jet."  

He added: "And we will work with Boeing to develop new Freighter solutions that will help us continue to serve the unique and fast-changing requirements of our global customers."

"We are true believers in the 747-8 Freighter, it is a very special airplane. We fly it every day and we understand why operators around the world want more of them," added Isaykin.

The Group and its partners have largely built the business on large four-engine freighters but plan to expand future fleet options with a commitment for the twin-engine 777 Freighter.

Exploring other Freighter solutions

CargoLogicHolding intends to order 29 Boeing 777 Freighters, valued at $9.8 billion according to list prices. 

CargoLogicAir, part of CargoLogicHolding, started its business by flying 747 scheduled and charter flights to and from the UK. It will now extend its network using Boeing 747-8F, 777F, 767F and 737-800BCF.

The package of agreements also includes a commitment for both companies to explore other Freighter solutions, such as new production 767 Freighters or converted cargo jets such as the 737-800 Boeing Converted Freighter.

Boeing has seen a spike in interest for cargo jets with demand growing nearly 10 per cent last year .Kevin McAllister, president and chief executive officer, Boeing Commercial Airplanes said: "We are extremely honoured that Volga-Dnepr Group and CargoLogicHolding have once again placed their trust on Boeing's freighter family to carry their business into the future. We look forward to expanding our relationship with our great partners and delivering new freighters to them for many years to come." 

Volga-Dnepr Group also uses Boeing Global Services to improve its offering for its customers. Its airlines use offerings such as Fuel Dashboard, Electronic Charting, Airport Moving Map and other advanced services, many of which are powered by Boeing AnalytX.

Boeing Global Services will also provide AirBridgeCargo - a Volga-Dnepr Group airline - with a Crew Pairing solution to support the planning and operation of the airline's 300 crew members. The programme creates optimised work duties, improving crew efficiency and improving airline productivity.

Subscribe to our weekly newsletter.

FINN News Team

  • Posted: 18/07/2018

Join The Discussion