DAE in sale-leaseback agreement with AirBridgeCargo

A Boeing 777 Freighter has joined the Volga-Dnepr Group fleet of 24 Boeing freighters today, departing Paine Field in Everett, Washington.

 

DAE in sale-leaseback agreement with AirBridgeCargo for a Boeing 777 Freighter. Image:  The Boeing Company.

The fuel-efficient twin-engine freighter will begin operations with AirBridgeCargo, a subsidiary of Volga-Dnepr. AirBridgeCargo will operate the aircraft via a sale-leaseback agreement with Dubai Aerospace Enterprise (DAE).

 

“We are delighted to welcome Volga-Dnepr Group as our newest customer as they introduce the 777 Freighter to their fleet,” said Firoz Tarapore, DAE’s chief executive officer. “DAE Capital is the world’s largest lessor of the profitable and efficient 777 Freighter. We look forward to a long and rewarding relationship with Volga-Dnepr Group as they continue to grow their successful operations.”

 

Volga-Dnepr Group is among the world's largest Boeing freighter operators, flying 17 747 freighters and five 737 freighters, including 13 747-8F, four 747-400ERF, two 737-800BCF and three 737-400SF.

 

The 777 Freighter, which can fly 4,970 nautical miles (9,200 kilometers), can carry a payload of 224,900 lbs. (102,010 kg), more cargo capacity than any other twin-engine freighter