Azerbaijan's Silk Way West Finalizing Deal for Three Boeing 747-8 Freighters

Azerbaijan-based airline Silk Way West is finalizing terms and working toward a purchase agreement with Boeing for three 747-8 Freighters.

Once finalized, the contract will be valued at more than $1.1 billion at current list prices. Silk Way West is an enterprise of the Silk Way Group, which includes 23 companies working in the aviation industry and related services.

The airline currently operates seven Boeing airplanes, including two 767-300 Freighters, three 747-400 Freighters and two 747-8 Freighters.

"Silk Way Group is a longstanding customer and operator of Boeing's products and services," said Marty Bentrott, vice president, Middle East, Russia and Central Asia Sales, Boeing Commercial Airplanes. "We value our partnership with Silk Way West and are grateful for their enduring confidence in Boeing and the 747-8 Freighter."

The 747-8 Freighter offers 16% more revenue cargo volume than the 747-400, while keeping its iconic nose door.