July 17, 2018: Boeing, Volga-Dnepr Group and CargoLogicHolding have inked a package of agreements that will optimise the cargo transportation leaders’ airplane fleet and global presence. The deals announced at the 2018 Farnborough International Airshow, includes a letter of intent to acquire 29 Boeing 777 Freighters, confirmation of an order for 5 Boeing 747-8 freighters, the purchase of a crew pairing solution, and an agreement to work together on future freighter projects.
“With this package of agreements, we will grow our business with an unique and unmatched 747-8 freighter and open new market opportunities with the 777 freighter,” said Alexey Isaykin, president of Volga-Dnepr Group and chairman of CargoLogicHolding. Volga-Dnepr said it wanted to add more 747-8 freighters to its fleet and affirmed to purchasing five more of the jets valued at $2 billion in the 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 Isaykin. 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. The package of agreements includes a commitment for both companies to explore other freighter solutions, such as new production 767 freighters or converted cargo jets such as 737-800.
“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 & CEO, Boeing Commercial Airplanes.
As part of the agreements, Boeing Global Services will provide AirBridgeCargo – a Volga-Dnepr Group airline – with crew pairing solution to support the planning and operation of the airline’s 300 crew members. The program creates optimised 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 VP of commercial sales & marketing for the Boeing Company.