STOCK TITAN

Turkish Airlines Orders Four More Boeing 777 Freighters

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Rhea-AI Summary

Boeing and Turkish Airlines have announced a significant order for four Boeing 777 Freighters, bolstering Turkish Airlines' air cargo fleet to 12 units. This move aims to meet rising global demand for air freight, driven by the e-commerce boom and the need for efficient logistics. Turkish Airlines Chief Cargo Officer Ali Türk highlighted that the new freighters will enhance operational capabilities and support the airline's strategic vision to lead the air cargo sector. Paul Righi of Boeing emphasized the importance of their continued partnership and the operational advantages of the 777 Freighter, which has a payload capacity of 102 metric tons and a range of 9,200 kilometers. With over 265 deliveries, the 777 Freighter is Boeing's best-selling cargo aircraft, contributing to more than 90% of dedicated freighter capacity worldwide.

Loading...
Loading translation...

Positive

  • Turkish Airlines' order for four additional Boeing 777 Freighters will increase their cargo fleet to 12 units, expanding their operational capacity.
  • The investment reflects Turkish Airlines' commitment to meeting global air freight demand, driven by e-commerce growth.
  • The Boeing 777 Freighter offers a significant payload capacity of 102 metric tons and an extensive range of 9,200 kilometers, enhancing efficiency.
  • Boeing has delivered over 265 units of the 777 Freighter, establishing it as the best-selling freighter aircraft.

Negative

  • None.

News Market Reaction

-0.69%
1 alert
-0.69% News Effect

On the day this news was published, BA declined 0.69%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ISTANBUL, July 2, 2024 /PRNewswire/ -- Boeing [NYSE: BA] and Turkish Airlines today announced an order for four 777 Freighters to further strengthen the airline's position in the global air cargo market. With this order, Turkish Airlines will operate 12 777 Freighters.

"This new investment in expanding our cargo fleet underscores our commitment to meeting the growing global demand for air freight services," said Turkish Airlines Chief Cargo Officer Ali Türk. "The addition of these Boeing 777 Freighters will not only enhance our operational capabilities, but also serve as another step in our strategic vision to reach the top of air cargo sector worldwide while maintaining our leading position with our unparalleled service and efficiency for our customers across the globe."

Turkish Airlines' purchase of additional 777 Freighters will help the carrier meet growing demand for freight services, driven by the rapid growth of e-commerce and the need for efficient and reliable transportation across the globe. The new freighters will enable Turkish Airlines to optimize its cargo operations, reduce costs and deliver goods to destinations worldwide on time.

"We are proud to continue our long-standing partnership with Turkish Airlines and support its expansion of cargo operations with the addition of Boeing 777 Freighters," said Paul Righi, vice president of Boeing Commercial Sales for Eurasia. "The 777 Freighter's payload capacity, range and flexibility will enable Turkish Airlines to deliver exceptional customer service while maximizing operational efficiency."

The Boeing 777 Freighter is the world's most capable twin-engine freighter with a maximum payload capacity of 102 metric tons (112 tons) and a range of 9,200 kilometers (4,970 nautical miles).

With more than 265 deliveries, the 777 Freighter is Boeing's best-selling freighter airplane of all time. As the market leader in cargo airplanes, Boeing provides more than 90% of the worldwide dedicated freighter capacity, including new production and converted airplanes.

In addition to freighters, Turkish Airlines operates a fleet of Boeing airplanes that includes the 777-300ER (Extended Range), Next-Generation 737, 737 MAX and 787 Dreamliner.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company's core values of safety, quality and integrity. Join our team and find your purpose at boeing.com/careers.

Contacts

Elena Alexandrova, Boeing Communications                      
elena.alexandrova@boeing.com
Tel: +971 56 687 69 87 

Boeing Media Relations
media@boeing.com

Turkish Airlines Media Relations
press@thy.com
Tel:  +90 (212) 463 63 63 ext. 11153 / 11173

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/turkish-airlines-orders-four-more-boeing-777-freighters-302187724.html

SOURCE Boeing

FAQ

What recent order did Turkish Airlines place with Boeing?

Turkish Airlines recently ordered four Boeing 777 Freighters to strengthen their air cargo fleet.

How many Boeing 777 Freighters will Turkish Airlines operate after the new order?

After the new order, Turkish Airlines will operate a total of 12 Boeing 777 Freighters.

What is the payload capacity of the Boeing 777 Freighter?

The Boeing 777 Freighter has a maximum payload capacity of 102 metric tons.

Why did Turkish Airlines order more Boeing 777 Freighters?

Turkish Airlines ordered more Boeing 777 Freighters to meet the growing global demand for air freight services and enhance their operational capabilities.

How does the new order impact Turkish Airlines' strategic vision?

The new order supports Turkish Airlines' strategic vision to lead the air cargo sector globally by increasing efficiency and operational capabilities.
Boeing

NYSE:BA

BA Rankings

BA Latest News

BA Latest SEC Filings

BA Stock Data

194.98B
759.39M
0.07%
74.51%
2.1%
Aerospace & Defense
Aircraft
Link
United States
ARLINGTON