The Volga-Dnepr Group, a world leader in transportation of unique, oversize and heavy cargo, have signed a Memorandum of Understanding to further the group’s fleet expansion with 20 additional B747-8 Freighters, valued at US$7.4 billion at list prices.
For Volga Dnepr, adding more B747-8 Freighters will allow development of the Group’s scheduled business, AirBridgeCargo Airlines (ABC), and keep the airline’s high growth rates, the group said. These additional 20 airplanes will be acquired through a mix of direct purchases and leasing over the next seven years.
Volga Dnepr currently operates 10 An-124-100 and 5 IL-76TD-90VD, all modified under the Group special upgrade program and capable of flying to any point of the world. The fleet also includes 14 B747s – comprised of five B747-400ERFs, three B747-400 Freighters, six B747-8 Freighters – and three B737-400Fs.
The agreement also adds the Antonov-124-100 aircraft to the long-term logistics support for Boeing and its partners. Boeing and Volga Dnepr have a long history of successful partnership with the Group supporting Boeing in a number of shipments. The unique technical abilities of the Antonov 124-100, along with Volga-Dnepr’s 25 years of global operations and experience gained in transportation of aviation equipment, will further serve Boeing’s logistics needs.
“Together with Boeing, we will keep the unique technology of air logistics offering both the Antonov-124-100 and our expanded Boeing 747 fleet for the benefits of global customers,” said Alexey Isaikin, president, Volga-Dnepr Group.