Indian cargo co shops for $1 bn worth Boeing planes
In one of the biggest bookings by an Indian aviation firm, a Hyderabad-based air cargo company today placed firm orders for purchase of four Boeing 777-200 freighter aircraft at a price of about $1 billion.
NEW DELHI: In one of the biggest bookings by an Indian aviation firm, a Hyderabad-based air cargo company today placed firm orders for purchase of four Boeing 777-200 freighter aircraft at a price of about $1 billion.
Flyington Freighters is the first Indian international cargo firm, which plans to launch global operations from this year end with leased planes.
The 945 million dollar deal was clinched with Boeing officials at the ongoing Farnborough airshow in UK by Flyington MD Capt Deepak Parasuraman, who told PTI on phone that deliveries of the 777-200 freighters would begin in the end of 2009.
"However, we plan to launch our global cargo operations with leased aircraft from this year end. We are close to finalising the lease deals also," Parasuraman said.
He said his company would lease six aircraft, which would be a mix of MD-11s and Airbus A300-600s to launch operations.
"We plan to carry out cargo operations to China, the Middle East, the US and Europe," he said, adding that full- fledged operations with the leased planes would begin by March next year.
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