The Volga-Dnepr Group confirms acquisition of 20 747-8Fs to grow and upgrade its fleet

Today, Boeing and the Volga-Dnepr Group announced at the 2016 Farnborough International Airshow the finalization of the terms for the acquisition of 20 747-8(F)s, four of which have already been delivered.

Image copyright: Boeing
Boeing also signed an agreement with the Group’s subsidiaries AirBridgeCargo and Volga-Dnepr Airlines to provide long-term logistics support to Boeing Commercial Airplanes and its partners using Boeing 747-8s and Antonov 124-100s.

“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 Аn-124 freighters from customers in the aerospace industry, which today represents 30 percent of our overall operations. This is the reason we continue to be so committed to the future of these glorious aircraft and why we are signing long-term agreements with Boeing and General Electric in the Cargo Village at Farnborough.”

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 AirBridgeCargo’s fleet and replace current 747-400s. They will be acquired through a mix of direct purchases and leasing over the next six years.
“Volga-Dnepr Group is a world-class cargo carrier and an outstanding service provider,” said Boeing Commercial Airplanes President and CEO Ray Conner. “Boeing and Volga-Dnepr Group have a long history of successful partnership and I am very proud we can continue this journey together.”

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