Volga-Dnepr Orders 5 Boeing 747-8Fs; Signs
LOI for 29 Boeing 777 Freighters
Boeing, Volga-Dnepr Group and CargoLogicHolding signed a package of agreements
The deals 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.
“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,” said Alexey Isaykin,
President of Volga-Dnepr Group and Chairman of CargoLogicHolding.
“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."
Volga-Dnepr Group is already one of the world's largest
Boeing 747 Freighter operators. The group, subsidiaries
and strategic partners have leveraged the jet's unique
cargo-loading and cargo-carrying capabilities to build a global
network for transporting unique, oversize and heavy cargo.
“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,” said
While the group and its partners have largely
built its business on very large four-engine freighters, it now
also plans to expand its future fleet options with a commitment for the
twin-engine Boeing 777 Freighter.
CargoLogicHolding intends to order 29 Boeing 777
Freighters, valued at $9.8 billion according to list prices. The
airplane’s unmatched range and significant cargo capacity promises
to open up significant network and growth opportunities.
“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,” added Mr Isaykin.
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.
With the resurgence in the air freight market –
demand grew nearly 10 percent last year – Boeing has seen a big
spike in interest for cargo jets and has captured more
than 100 orders and commitments for production and converted
freighters this year.
“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,” said Kevin McAllister, president and chief executive
officer, Boeing Commercial Airplanes.
Volga-Dnepr Group also uses Boeing Global
Services to improve its offering for its customers. Its airlines
use solutions such as Fuel Dashboard, Electronic Charting, Airport
Moving Map and other advanced services, many of which are powered
by Boeing AnalytX.
As part of the agreements, Boeing Global
Services will 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 program creates
optimized work duties, improving crew efficiency and improving
“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,”
said Ihssane Mounir, senior vice president of Commercial Sales &
Marketing for The Boeing Company.
Jeep Wrangler Being
Loaded onto a CargoLogicAir Boeing 747-8F