Russia’s Volga-Dnepr Group and CargoLogicHolding have announced several agreements with Boeing at the 2018 Farnborough International Airshow.
The deals include a letter of intent to acquire 29 Boeing 777 freighters, valued at approximately USD9.8 billion; a confirmation of an order for five Boeing 747-8 freighters, valued at USD2 billion; 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.
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 Boeing 737-800 converted freighter.
As part of the agreements, Boeing Global Services will provide AirBridgeCargo (ABC) – a Volga-Dnepr Group airline – with a crew pairing solution to support the planning and operation of the airline's 300 crew members.