EMIRATES' air cargo division is temporarily expanding its fleet with two older Boeing 747 jumbo jet freighters in order to meet expected demand while waiting for manufacturers to fill orders for new aircraft, reports New York's FreightWaves.
The 747-400s are being wet-leased, including crews that fly the aircraft and are currently being used for flights to Chicago and Hong Kong.
The provider of the transportation service on behalf of emirates has not been identified.
Emirates SkyCargo plans to double its cargo capacity over the next decade and add over 20 destinations to its freighter network despite the decline in air freight, which has seen volumes drop over five per cent from a year ago, and freight rates fall 40 per cent.
'While the current market volatility may cause others to hesitate, Emirates SkyCargo is pushing full steam ahead with our plans. The medium to long-term projections for global air cargo shows an upward trajectory of between three to five per cent.'
'Combine that with Dubai's strategy to double its foreign trade where multi-modal logistics will play a big role, and the economic activity happening in markets around the Gulf, West Asia, and Africa, and the opportunity for Emirates SkyCargo is clear,' said Emirates SkyCargo vice president Nabil Sultan.
SeaNews Turkey
The 747-400s are being wet-leased, including crews that fly the aircraft and are currently being used for flights to Chicago and Hong Kong.
The provider of the transportation service on behalf of emirates has not been identified.
Emirates SkyCargo plans to double its cargo capacity over the next decade and add over 20 destinations to its freighter network despite the decline in air freight, which has seen volumes drop over five per cent from a year ago, and freight rates fall 40 per cent.
'While the current market volatility may cause others to hesitate, Emirates SkyCargo is pushing full steam ahead with our plans. The medium to long-term projections for global air cargo shows an upward trajectory of between three to five per cent.'
'Combine that with Dubai's strategy to double its foreign trade where multi-modal logistics will play a big role, and the economic activity happening in markets around the Gulf, West Asia, and Africa, and the opportunity for Emirates SkyCargo is clear,' said Emirates SkyCargo vice president Nabil Sultan.
SeaNews Turkey