Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Azerbaijan-based Silk Way West Airlines has ordered five new 777 series freighters from Boeing to meet growing demand from the cargo and e-commerce sector. 


The cargo company already operates 12 Boeing 747 series freight planes. Stan Deal, president and chief executive officer at Boeing said that Silk Way is expanding its fleet in Eurasia in anticipation of forecasted market growth of around 60pc in the next two decades in this region. 


Boeing noted that the 777 Freighter is one of the most successful cargo haulers in the company’s history, with 247 orders received since 2005. The manufacturer now holds more than 90pc market share for this type of aircraft, it said in the media release.


In Q1 2021, Boeing posted a delivery growth of 54pc to 77 units shipped worldwide, compared with 50 units in the same period a year ago. 

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