Amid record financial results, strong demand

Turkish Airlines and Boeing sign for three Boeing 777 Freighters

-A Monitor Report 01 Dec, 2018  |    -      +
Dhaka : Boeing and Turkish Airlines on November 26 announced an order for three Boeing 777 Freighters as the flag carrier of Turkey continues to soar on record financial results and double-digit passenger and cargo growth

The order adds more of the long-range freighter to Turkish's fleet as the airline pursues its goal of becoming the world's largest cargo carrier.

Based on the 777-200LR (Longer Range), the 777 Freighter can fly 4,900 nautical miles (9,070 kilometers) with a full payload of 112 tons (102 metric tonnes or 102,000 kg). The long range means fewer stops and associated landing fees, less congestion at transfer hubs, lower cargo handling costs and shorter delivery times.

"We are excited to expand our efficient cargo fleet with the 777 Freighter. This aircraft has contributed greatly to Turkish Cargo, Turkish Airlines' successful sub brand, becoming the fastest-growing air cargo carrier in the world. The additional aircraft will provide us more flexibility to serve even more destinations as we continue to grow our global freight network," said M. Ilker Ayci, Turkish Airlines Chairman of the Board and the Executive Committee.

The new order comes days after Turkish Airlines posted record profits for the first nine months of 2018 on strong passenger and cargo demand. The carrier's air freight business saw a 25 per cent tonnage increase and a 29 per cent revenue increase compared to the same period a year ago. The results extend the airline's success in recent years as Turkey has become one of the largest and fastest-growing aviation markets.

In line with the rapid growth, Turkish Airlines has steadily expanded its current and future fleet. Last January, the carrier announced the order of three 777 Freighters. Two months later, Turkish finalized an order for 25 787-9 Dreamliners and five options to prepare for growing demand at Istanbul's third airport, named "Istanbul Airport" by Turkish President Recep Tayyip Erdogan during its official opening last month.

Over the past few months, Turkish has begun taking delivery of new 737 MAX airplanes to refresh its single-aisle jets. In all, the airline's fleet of Boeing jetliners has grown to more than 160, with nearly 100 additional jets on order.

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