July 13, 2016: Volga-Dnepr Group and GE Aviation signed a strategic cooperation partnership agreement that will utilise the two companies’ unique strengths and expertise to develop collaborative solutions to benefit each company and their customers. This incorporates a long-term logistics support programme in which Volga-Dnepr Group’s Boeing 747-8F and An-124 freighters will provide transportation support for GE Aviation. The agreement also covers the expansion of Volga-Dnepr Group’s TrueChoiceTM Flight Hour agreement with GE for the maintenance, repair and overhaul of 88 additional GEnx-2B engines that power its Boeing 747-8 Freighters. The Truechoice Flight Hour agreement is valued at close to $1.4 billion (USD) over the life of the contract.
This enhanced level of cooperation builds on the successful 20-year partnership between Volga-Dnepr and GE and represents a strategic milestone in the development of both companies, each acknowledged specialists in the aviation industry. It aims to bring widespread benefits for customers and the global air transportation market.
‘We perceive GE Aviation not just as a leading vendor of jet and turboprop engines and components. They stand out as a reliable partner of our Group of companies, and our partnership has been strengthened over many years through our successful Antonov 124 charter operations and Boeing 747 scheduled services for GE companies. By signing this partnership agreement, we undertake to further develop the global air transportation market by offering our customers state-of-the-art logistics solutions to deliver their goods anywhere in the world,” said Alexey Isaykin, president of Volga-Dnepr Group.