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Boeing, Volga-Dnepr Group and CargoLogicHolding Announce Sweeping Freighter Package

[ July 27, 2018   //   ]

Volga-Dnepr Group and CargoLogicHolding today signed a package of agreements that will further optimize the cargo transportation leaders’ airplane fleet and global operations. 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 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 among the world’s largest Boeing 747 Freighter operators. The Group, and its subsidiaries and strategic partners have leveraged the jet’s unique cargo-loading and cargo-carrying capabilities to build an unmatched global network for transporting unique, oversize and heavy cargo. 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 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 airplane’s unmatched range and significant cargo capacity promises to open up significant network and growth opportunities.

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