Volga-Dnepr Group & CargoLogicHolding sign up for 29 B777Fs and five B747-8Fs
July 17, 2018: Volga-Dnepr Group and CargoLogicHolding have signed a letter of intent with Boeing to acquire 29 Boeing 777 Freighters and have confirmed 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.
Volga-Dnepr said it wanted to add more 747-8 Freighters to its fleet and affirmed a commitment to purchasing five more of the jets valued at $2 billion in current list prices.
“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 Alexey Isaykin, president of Volga-Dnepr Group and chairman of CargoLogicHolding.
While the Group and its partners have largely built its business on very large four-engine freighters, it now plans to expand its future fleet options with a commitment for the twin-engine 777 Freighter.
CargoLogicHolding intends to order 29 Boeing 777 Freighters, valued at $9.8 billion according to list prices.
“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 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. Boeing has now captured more than 100 orders and commitments for production and converted freighters this year.
Volga-Dnepr Group also uses Boeing Global Services to improve its offering for its customers. Its airlines use offerings 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 airline productivity.
“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.
This is major freighter deal for US-based aircraft manufacturer Boeing. Also, other deals signed are DHL Express placing order for 14 B777Fs; Qatar Airways confirming order for five B777Fs. And also, German carrier Lufthansa Cargo has placed order for B777Fs.