Boeing [NYSE:BA] and Silk Way West Airlines today announced the private cargo operator will expand its international network with an order for five 777 Freighters. The deal marks the first purchase of the long-range, high capacity twin-engine freighter in the Caspian region and Central Asia. The airplanes will enable the airline to increase its capacity to meet growing cargo demand around the globe.
“This deal is an incremental part of our fleet renewal and our commitment to meet our customers’ expectations. I am confident that the acquisition of new freighters will further strengthen our leading position on the global air freight market for the next 15 to 20 years,” said Zaur Akhundov, Silk Way Group president.
Silk Way West Airlines and Boeing leaders announced the agreement during a signing ceremony in Baku that included Akhundov; Rashad Nabiyev, Minister of Transport, Communications and High Technologies of Azerbaijan; and Earle D. Litzenberger, U.S. ambassador to Azerbaijan, as well as Stan Deal, president and CEO of Boeing Commercial Airplanes.
The cost of the deal and its terms were not disclosed. According to open sources, the price of such an aircraft is $ 358 million.
The 777 Freighter is the world’s largest, longest range and most capable twin-engine freighter. With a range of 9,200 kilometers, the 777 Freighter can carry a maximum payload of 102,000 kilograms, allowing Silk Way West Airlines to make fewer stops and reduce landing fees on long-haul routes.
Founded in 2012 in Baku, Silk Way West Airlines is the largest cargo airline in the Caspian Sea region with an annual cargo turnover of 350,000 tons. Based at Heydar Aliyev International Airport in Baku, the airline operates approximately 350 monthly scheduled flights to 40 destinations around the world.
Source: Turan News Agency