Boeing (NYSE: BA), Volga-Dnepr Group and Cargo Logic Holding have signed agreements to further optimize the cargo transportation leaders´ airplane fleet and global operations, the companies said.
The deals include 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.
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.
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.
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.
s 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.
Cargo Logic Holding Limited is the private holding company based in the United Kingdom. It is a unique platform that unites under its umbrella the International Group of the Cargo Airlines, with CargoLogicAir, the only British all-cargo airline, being its main member, which started its commercial operations on the global market since early 2016.