Volga-Dnepr Group and CargoLogicHolding sign agreement for additional GE90-powered Boeing Freighters
FARNBOROUGH, England – Volga-Dnepr Group and CargoLogicHolding, signed a Letter of Intent for 29 GE90-115B-powered Boeing 777 Freighters and five GEnx-2B-powered Boeing 747-8 Freighters. The engine order is valued at more than $2.5 billion (USD) list price.
“We have been working with GE for many years and feel confident in the level of quality of their engines. Together with high-end, sophisticated, and technologically advanced engines, we foresee seamless untilization of our existing fleet, as well as deployment of new aircraft,” says Alexey Isaykin, President of Volga-Dnepr Group and the Chairman of CargoLogicHolding.
“GE is proud to be a part of Volga-Dnepr Group and CargoLogicHolding fleet expansion,” says Chaker Chahrour, vice president and general manager of Global Sales & Marketing for GE Aviation. “The GE90-powered 777 Freighter and the GEnx-2B-powered B747-8 Freighter have outstanding records for performance and reliability and have established themselves in the cargo segment with their unique capabilities.”
The GE90 engine family powers all Boeing 777 models and is the exclusive powerplant on the 777-300ER, -200LR, and Freighter. The family has accumulated more than 80 million flight hours and 11 million cycles. The GE90 engine features several technology firsts, including carbon fiber composite front fan blades, the world’s largest front fan at 128 inches in diameter and the world-record setting thrust of 127,900 pounds during certification testing.
Compared to the CF6, the GEnx engine offers up to 15 percent better fuel efficiency, which translates to 15 percent less CO2. The GEnx's innovative twin-annular pre-swirl (TAPS) combustor dramatically reduces NOx gases as much as 55 percent below today's regulatory limits and other regulated gases as much as 90 percent. Based on the ratio of decibels to pounds of thrust, the GEnx is the quietest engine GE produces due to the large, more efficient fan blades that operate at slower tip speed, resulting in about 40 percent lower noise levels.
About CargoLogicHolding Limited
CargoLogicHolding Limited is the private holding company based in the United Kingdom. It is a unique platform that unites under its umbrella the International Group of the Cargo Airlines, with CargoLogicAir, the only British all-cargo airline, being its main member, which started its commercial operations on the global market since early 2016.
About GE Aviation
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components, integrated digital, avionics, electrical power and mechanical systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings and is part of the world’s Digital Industrial Company with software-defined machines and solutions that are connected, responsive and predictive.