November 06, 2014: Etihad Cargo, the fast-moving freight division of Etihad Airways, has expanded its fleet of freighter aircraft with the placement of a third Boeing 747 freighter from Atlas Air Worldwide Holdings Inc. as part of a multi-year Aircraft, Crew, Maintenance and Insurance (ACMI) agreement.
The 747-400 freighter is the third aircraft to be operated by Atlas Air Inc. on behalf of Etihad Cargo, and complements existing lease agreements previously signed by Etihad Cargo for Boeing 747 freighter aircraft in May 2012 and May 2013.
Scheduled to come into service this month, the Etihad Cargo Boeing 747-400 freighter aircraft has a payload capacity of 115 tonnes and a range of more than 8,000 kilometres.
James Hogan, Etihad Airways President and Chief Executive Officer, said: "Etihad Cargo continues to play a vital role in the growth and profit of the airline. We reported US$804 million in cargo revenue during the first three quarters of 2014, and we are on track for this business to be turning over US$1 billion by the end of the year."
William J. Flynn, President and Chief Executive Officer, Atlas Air Worldwide, said: "We are continuing to expand our strategic partnership with Etihad Cargo and are delighted to support the sustained strong growth of its global cargo network."
The delivery will take Etihad Cargo's freighter fleet to 10 aircraft, consisting four Airbus A330-200F, three Boeing B777F, and three Boeing 747F aircraft.
In May 2013 Etihad Cargo reinforced its position as a global operator with the entry into service of its first round-the-world freighter routing in conjunction with Atlas Air Worldwide, connecting Etihad Cargo's Abu Dhabi hub with destinations in Asia, the United States, South America and Europe.