Volga-Dnepr Group and CargoLogicHolding Sign Agreements with Boeing for Freighter Packages
In a recent announcement made at the 2018 Farnborough International Airshow, Boeing, Volga-Dnepr Group and CargoLogicHolding signed a package of agreements that will further enhance their fleet and global operations.
The new agreement includes a letter of intent to purchase 29 Boeing 777 Freighters a confirmation order for a further five 747-8 Freighters along with an agreement to work together on future freighter projects and the purchase of a new crew pairing solution.
President of Volga-Dnepr Group and Chairman of CargoLogicHolding, Alexey Isaykin 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, 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.”
Among the world’s largest Boeing 747 Freighter operators, Volga-Dnepr said it wanted to add more 747-8 Freighters to their fleet and affirmed a commitment to purchasing five more of the jets valued at $2 billion at current list prices. While CargoLogicHolding intends to order 29 Boeing 777 Freighters, valued at $9.8 billion according to list prices.
Mr. Isaykin further added 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, CargoLogicAir, part of CargoLogicHolding, started its business by flying 747 scheduled and charter flights to and from the UK. We are excited to extend the network using a range of Boeing family aircraft including Boeing 747-8F, 777F, 767F and 737-800BCF.”
Within the package of agreements is a commitment from both companies to develop other freighter solutions, such as new production 767 Freighters or converted cargo jets.
Boeing Commercial Airplanes President and CEO, Kevin McAllister said, “We are extremely honored 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.”
AirBridgeCargo – a Volga-Dnepr Group will be provided with a Crew Pairing solution from Boeing Global Services that will support the planning and operation of the airline’s 300 crew members.
The Boeing Company Senior Vice President of Commercial Sales & Marketing, Ihssane Mounir explained, “This service puts the most advanced data analytics capabilities at Volga-Dnepr’s hands as they operate the most advanced freighters in the world. It’s a prime example of how Boeing integrates services solutions with the platform to help customers work better, work faster and save on operating costs.”