Boeing and Volga Dnepr Group intensify relations
USA-based Boeing and Russia's Volga-Dnepr Group, a renowned transporter 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, costing USD 7.4 billion at list prices. The agreement also adds the Antonov AN 124-100 aircraft to the long-term logistics support for Boeing and its partners.
Boeing and Volga Dnepr have had a successful partnership for many years. The group has already supported Boeing in a number of shipments. The unique technical abilities of the AN 124-100, along with Volga-Dnepr's 25 years of global operations and experience gained in carrying aviation equipment, will further serve Boeing's logistics needs.
Meanwhile, the addition of more B747-8Fs will allow Volga Dnepr to develop its scheduled business, AirBridgeCargo Airlines (ABC), and maintain the airline's high growth rates.