New Indian cargo airline orders four Boeing 777s

Indian cargo airline, Flyington Freighters, has placed an order worth almost US$1 billion with Boeing, for four of its 777F cargo planes.

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By  Mark Foxwell Published  August 20, 2006

Indian cargo airline, Flyington Freighters, has placed an order worth almost US$1 billion with Boeing, for four of its 777F cargo planes. The deal was signed last month at the Farnborough Airshow and cements the start-up cargo airline’s intention to meet the need of the growing Asian market by launching international freighter services by the end of the year. It plans to have a fleet of 20 aircraft and begin flying with leased planes by April next year. Flyington Freighters, a new cargo airline company promoted by Hyderabad-based Deccan group, expects delivery of the 777Fs by 2009. The freight forwarding firm said it will be India’s first to fly freight internationally. There are currently no Indian companies operating cargo airline services to international destinations. The only firm serving the domestic cargo airline segment is Blue Dart Aviation. Venkattram Reddy, chairman of the start up airline, said: “We want to be the biggest cargo airline in Asia. We will be sticking primarily to Boeings.” Flyington Freighters said in a statement that India’s air-cargo market was tipped to grow at 8.5% per annum and it planned to fly to destinations in Asia, the Middle East, Europe and North America. Both Boeing and Airbus have taken aim at the Indian market and both have new cargo models either under consideration or in development. According to Boeing forecasts, world air cargo traffic is expected to grow at an annual average rate of 6.2% for the next 20 years, more than tripling the current levels, with growth for the Southwest Asia region at equal to or greater than the world average.

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