Boeing and Silk Way Airlines, a cargo carrier based in Baku, Azerbaijan, have announced an order for two Boeing 747-8 Freighters valued at $704 million at current list prices.
Zaur Akhundov, President, SW Holding, parent company of Silk Way Airlines said: “Silk Way Airlines’ vision is to be a successful and profitable cargo operator by investing in its fleet and services and continuing to increase its regional and international footprint. The order for two Boeing 747-8 Freighters is a move in that direction.”
Silk Way Airlines currently operates Boeing 747-400 and 767-300 freighters. The Central Asia-based carrier provides services to Europe and the Middle East, as well as the Far East including Korea, China and Hong Kong. In addition, it also serves international destinations through a network of alliances.
“One of the goals of the Azerbaijani government is to continue building Baku’s strategic positioning as a trade hub,” said Jahangir Askerov, President, Azerbaijan Airlines, and architect of the country’s present day civil aviation industry. “The addition of the new Boeing 747-8 Freighters will enable Silk Way Airlines to expand its operations and help the government achieve its objective.”
The new 747-8 Freighter provides 16% more cargo volume than the 747-400 while burning significantly less fuel.
To date, Boeing has delivered 36 747-8 Freighters