Silk Way West Airlines has signed a purchase agreement for five Boeing 777 Freighter aircraft, with delivery planned over 2023-2027.
The investment marks a further step in Silk Way West Airlines’ expansion of its international network to meet growing demand for cargo transportation.
This is the first order for Boeing 777 Freighters in the Central Asia and Caspian region. The Boeing 777F is the largest twin-engine freighter on the market, with a range of 9,200 km and a maximum payload of 102,000 kg.
Said Rashad Nabiyev, the Minister of Transport, Communications and High Technologies of the Republic of Azerbaijan: “We welcome the signing of the contract between Boeing, the world’s leading aircraft manufacturer, and Silk Way West Airlines, Azerbaijan’s premier cargo airline. We envision an integrated transport network in Azerbaijan, and airline transportation plays a critical role in this.
“I believe this contract will help solidify Azerbaijan’s position as a regional transportation hub and a reliable airline partner in international trade and commerce.”
Said Zaur Akhundov, President of Silk Way Group: “The signing of this agreement is a new milestone in the growth of our company. I am confident that the acquisition of these new aircraft and the start of this project will further strengthen the company’s leading position in the global air freight market for the next 15-20 years.”
Said Stan Deal, President and Chief Executive Officer of Boeing Commercial Airplanes: “Silk Way West Airlines has been rapidly expanding the geographic reach of their network. With the global air freight market forecasted to grow more than 60% over the next 20 years, this new order bolsters their ability to meet trade and e-commerce demand in CIS, Europe, Middle East, Asia and North America.”
The deal marks a further step in Silk Way West Airlines’ ambition to broaden its footprint on the global cargo market and reinforces the already strong relationship between the leading air freight carrier in the Caspian region and the world’s largest aerospace company.
