All Nippon orders two Boeing 777 freighters worth $678 million
March 24, 2018: Japanese carrier, All Nippon Airways (ANA) recently placed new orders for two Boeing 777 freighters valued at $678 million.
While ANA is a major operator of the Boeing 777 passenger jet, it has grown its cargo operation with the medium-sized Boeing 767 freighter.
In adding to the Boeing 777 Freighter, which is the world's largest and longest range twin-engine cargo jet, ANA is planning to expand its cargo capabilities, at a time when the air freight market looks buoyant.
"Air cargo is an essential part of the global trade growth,” said Hiroshi Sugiguchi, vice president, corporate planning & administration, ANA Cargo.
“We are committed to playing a critical role in further advancing Japan's economic growth through trade, and these new freighter airplanes will help us accomplish our goal. ANA will ensure that our cargo operations reflects the five-star service that we have garnered over the past several years,” said Sugiguchi.
Last year, the global air cargo market grew by nine percent, which is more than double the long-term projected growth rate of about 4.2 percent.
In January, growth continued with an eight percent increase in the demand. Industry experts say the strong performance reflects global economic trade, fueled in large part by the expanding e-commerce market.
ANA says it plans to fly its new Boeing 777 freighters on international routes, particularly to Asia, China, and North America. With this order, ANA will become the first airline in Japan to operate 777 freighters.
"We are honored that a world-class operator line ANA has decided to grow their cargo business with the Boeing 777 Freighter,” said Ihssane Mounir, senior vice president of commercial sales & marketing, Boeing Company.
“This order further validates the market leadership of the Boeing 777 freighter, and its outstanding range, payload capabilities, and reliability,” said Mounir.
The Boeing 777 freighter is capable of flying 4,900 nautical miles with a payload of 112 tonnes. The freighter’s long range translates into significant savings as fewer stops mean lower landing fees, less congestion, lower cargo handling costs and shorter delivery times.
Boeing is the air cargo market leader, which provides over 90 percent of the dedicated freighter capacity around the world.