Freight DHL orders 14 new Boeing 777 freighters

The deal was signed during the Farnborough International Airshow FIA18. According to current list prices, the agreement is valued at $4.7 billion. The delivery of the first four aircraft is expected to be completed in 2019.

Charlie Dobbie, Executive President of Global Network Operations & Aviation said: "We are delighted to announce the acquisition of 14 new 777 Freighters as we renew part of our long-haul fleet with this best-in-class fuel efficient freighter type that will make a significant step towards DHL's zero emissions target by 2050."

Ken Allen, CEO, DHL Express added: "The acquisition of the 14 Boeing airplanes reflects a gradual replacement of our older intercontinental fleet. As the most fuel-efficient, most reliable freighter type with the best long-haul range, these aircraft will contribute to our emissions reduction targets and allow us to serve even more markets with non-stop flights."

DHL took over the third ever produced 777 Freighter back in 2009. It was also the first express operator to introduce the 777 into long-haul cargo flights. With the new order, DHL will double its existing fleet of 777s and will allow more customers and markets to benefit from the aircraft´s capabilities.

The Boeing 777 is the largest twin-engine cargo aircraft in the world and is capable of flying 4,900 nautical mails (9,070 kilometres). The aircraft can load a maximum of 102 tons.

In general, global air freight demand grew by almost 10% last year. The new order by DHL is a direct answer to the ongoing raising demand.

DHL is one of the major cargo companies in the world. Its aviation subsidiary is headquartered in Bonn, Germany and was established in 1969. DHL aviation consists of five main airlines, European Air Transport Leipzig, DHL Air UK, DHL Aero Expreso, SNAS/DHL and Blue Dart Aviation. Moreover, DHL de Guatemala and Aero Express Del Ecuador are operating under the DHL brand. The main operating hub is at Leipzig-Halle in Germany.