Boeing [NYSE: BA] and All Nippon Airways (ANA) announced the Japanese carrier has placed a new order for two 777 Freighters valued at USD 678 million according to list prices, the company said.
While ANA is a major operator of the 777 passenger jet, it has grown its cargo operation with the medium-sized 767 Freighter. In adding the 777 Freighter — the world´s largest and longest range twin-engine cargo jet — ANA is expanding its cargo capabilities just as the air freight market keeps growing at historically high rates.
Last year, the global air cargo market grew 9 percent, more than double the long-term projected growth rate of about 4.2 percent. In January, the above-trend growth continued with an 8 percent increase in demand. Industry experts say the strong performance reflects global economic trade, fueled in large part by expanding e-commerce.
The 777 Freighter is capable of flying 4,900 nautical miles (9,070 kilometers) with a payload of 112 tons (102 metric tonnes or 102,000 kg). The airplane´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, providing over 90 percent of the dedicated freighter capacity around the world.