News / Volga-Dnepr leaseback deal brings three new 777Fs, despite market turbulence

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One year after Volga-Dnepr Group signed what many believed was, at best, an optimistic letter of intent with Boeing for 29 777 freighters for its Cargologicair arm, comes the news that three of the aircraft type will enter AirBridgeCargo’s fleet next year. 

The carrier has entered a purchase and leaseback deal with Dubai Aerospace Enterprise (DAE) for three factory-fresh 777 freighters. 

As one source noted: “It’s a standard way of doing things, negotiate with Boeing and then get someone else to buy the aircraft. It’s the best of both ...