Moscow, Russia - Russian heavy cargo operator Volga-Dnepr Group has signed a sale and leaseback agreement for three Boeing 777F with the Dubai-based lessor DAE Capital.
The frieighters will be delivered to Volga-Dnepr subsidiary AirBridgeCargo next year.
“We are delighted to welcome AirBridgeCargo as our newest customer and to be in a position to facilitate them with their fleet requirements as they expand their fleet diversification with this particular type," said Firaz Tarapore, chief executive at DAE Capital.
DAE Capital is currently the largest lessor for the Boeing 777Fs.
“Our agreement with Dubai Aerospace Enterprise marks an important moment in our history as we welcome the first Boeing 777 freighters into our fleet. These aircraft will support our strategy of broader fleet diversity and modernization, allowing us to deliver a more cost-efficient product to our customers,” said Volga-Dnepr Group president Aleksey Isaikin.
The Russian Group is the world leader in the global freight market for the transportation of oversized, and heavy air cargo operated by Antonov An-124 and IL-76TD-90VD. The company also conducts scheduled cargo operations through its Boeing 747 and Boeing 737 freighters.
Russian airline group had signaled its intent to add a new freighter type to its fleet, in particular the 777F, with an order commitment for 29 aircraft at the Farnborough Air Show last year.