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Volga-Dnepr Group Acquisition of 20 747-8 Freighters to Grow

FARNBOROUGH, United Kingdom /PRNewswire/ — Boeing (NYSE:BA) and Volga-Dnepr Group, a leader in transportation of unique, outsize and heavy cargo, announced today at the 2016 Farnborough International Airshow finalization of terms for the acquisition of 20 747-8 Freighters, which includes four aircraft that have already been delivered.

Boeing also signed an agreement with the Group’s subsidiaries AirBridge Cargo Airlines and Volga-Dnepr Airlines to provide long-term logistics support for Boeing Commercial Airplanes and its partners using Boeing 747-8 and Antonov 124-100 freighters. Boeing and Volga-Dnepr Group will also enter into an agreement to look at future services opportunities.

“Volga-Dnepr intends to provide strong evidence to the market that the unique An-124 and Boeing 747-8 four-engine freighters are still essential to serve the fast-changing requirements of our customers worldwide,” said Alexey Isaykin, President of Volga-Dnepr Group. “The most obvious proof of this is the high demand for Boeing 747-8 and ?n-124 freighters from customers in the aerospace industry, which today represents 30 percent of our overall operations.

Volga-Dnepr Group was the first to order the Boeing 747-8 Freighter in Russia and took delivery of its first 747-8 Freighter in 2012. The newly-ordered aircraft will support Volga-Dnepr’s long-term strategy to grow AirBridge Cargo’s fleet and replace current 747-400s. They will be acquired through a mix of direct purchases and leasing over the next six years.

The newly-delivered 747-8 Freighter on display in the Cargo Village at Farnborough will be operated by Cargo LogicAir, the new British cargo airline and partner of Volga-Dnepr Group.

Volga-Dnepr Group is the world leader in the unique, oversize and heavy cargo market and has represented the Russian airfreight industry in the international market since 1990. The Group, which includes three leading Russian all-cargo carriers – Volga-Dnepr Airlines, AirBridge Cargo Airlines and Atran Airlines – has a multinational team based in 15 countries. Volga-Dnepr is currently operating 12 Antonov 124-100, 5 IL-76TD-90VD, 16 Boeing 747s (five Boeing 747-400ERFs, three Boeing 747-400 Freighters and eight Boeing 747-8F Freighters) and three Boeing 737-400F.

Source Boeing / Edited By Airline Adviser 07/13/16

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