Silk Way West Airlines signs a purchase agreement with Boeing to purchase five B777 Freighter aircraft, with delivery planned over 2023-2027.
The carrier notes the investment marks a further step in the expansion of its international network to meet what it says is growing demand for cargo transportation.
This move also marks the first order for B777 Freighters in Central Asia and Caspian regions. Silk Way West also notes that as the world’s most efficient and environmentally friendly freighter, the additions to the Silk Way West fleet will contribute to the airline’s sustainability goals, as well as being a particularly cost-effective option in terms of maintenance and operating expenses.
“The signing of this agreement is a new milestone in the growth of our company,” says Zaur Akhundov, president of Silk Way Group. “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.”
Noting that Silk Way West Airlines has been rapidly expanding the geographic reach of its network, Stan Deal, president and chief executive officer of Boeing Commercial Airplanes says: “With the global air freight market forecasted to grow more than 60 per cent 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.”
Founded in 2012 in Baku, at the heart of the Silk Road, Silk Way West Airlines is the largest cargo airline in the Caspian Sea region with an annual cargo turnover of 350,000 tonnes. Based at Heydar Aliyev International Airport (GYD), the airline operates around 350 monthly scheduled flights to over 40 destinations worldwide.
In welcoming the purchase, Rashad Nabiyev, the Minister of Transport, Communications and High Technologies of the Republic of Azerbaijan comments: “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,” he says.