LAXintl
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Silk Way Signs MoU For Four 747-8 Freighters

Sun Mar 24, 2013 3:35 am

Boeing certainly will take whatever it can get in the 747 program these days.

Azerbaijan-based all-cargo carrier Silk Way Airlines signed a Memorandum of Understanding with Boeing to purchase four 747-8 Freighters.
Silk Way say the freighters would be would be delivered beginning in 2014 thorugh 2017.

Story:
http://cargofacts.net/profiles/blogs/silk-way-airlines-signs-mou-for-four-747-8-freighters
http://cargofacts.net/profiles/blogs...igns-mou-for-four-747-8-freighters

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lollomz
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RE: Silk Way Signs MoU For Four 747-8 Freighters

Sun Mar 24, 2013 7:33 am

Very interesting news, I hope they will sell some more intercontinental in the future.......

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zeke
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RE: Silk Way Signs MoU For Four 747-8 Freighters

Sun Mar 24, 2013 9:02 am

Quoting LAXintl (Thread starter):

The risk in this order in my view is the airline seems to be heavily reliant in obtaining and supporting military operations.

As a pure long haul freight operation, I do not think it has the network or structure to be very competitive out of China. Great Wall should have been a good example of how a small fleet of large aircraft does not make money unless they have enough work. 1 billion+ worth of aircraft needs a lot work to pay for them.
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BestWestern
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RE: Silk Way Signs MoU For Four 747-8 Freighters

Sun Mar 24, 2013 12:29 pm

Quoting zeke (Reply 3):
Great Wall should have been a good example of how a small fleet of large aircraft does not make money unless they have enough work. 1 billion+ worth of aircraft needs a lot work to pay for them.

Lets not forget Jade Cargo - a brand new 747ERF sitting on the tarmac at Shenzhen for 15 months that has moved about 500m since 25th December 2011.
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RE: Silk Way Signs MoU For Four 747-8 Freighters

Sun Mar 24, 2013 12:55 pm

Quoting zeke (Reply 3):
The risk in this order in my view is the airline seems to be heavily reliant in obtaining and supporting military operations.

Silk Way also has a lot of Executive jets with more new ones on order. A G650 and a G280 if I am not mistaken.. Shot one of their new executive jets on ferry the other week.

http://www.flickr.com/photos/lutonavia/8555386918

The group seem to have more variation then just Military charters.
 
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RE: Silk Way Signs MoU For Four 747-8 Freighters

Sun Mar 24, 2013 3:19 pm

Quoting zeke (Reply 2):
As a pure long haul freight operation, I do not think it has the network or structure to be very competitive out of China.

What does this have to do with China?

Silk Way is from Azerbaijan.

They already operate 3 744F in addition to other types, so this seems to be a logical growth aircraft a few years down the road.
 
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RE: Silk Way Signs MoU For Four 747-8 Freighters

Sun Mar 24, 2013 4:21 pm

Quoting LAXintl (Thread starter):
Boeing certainly will take whatever it can get in the 747 program these days.

Not quite true. They are on the public record as turning down some orders where the $ offered was too low. If that wasn't true they would be open to securities violations. That doesn't mean they aren't discounting but it means they won't take whatever.
 
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RE: Silk Way Signs MoU For Four 747-8 Freighters

Sun Mar 24, 2013 4:39 pm

Quoting mercure1 (Reply 5):
What does this have to do with China?

Silk Way is from Azerbaijan.

They already operate 3 744F in addition to other types

Indeed. We get one of the 744s at STN from GYD.
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trex8
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RE: Silk Way Signs MoU For Four 747-8 Freighters

Sun Mar 24, 2013 6:35 pm

Quoting pnwtraveler (Reply 6):
If that wasn't true they would be open to securities violations.

Why would agreeing to a very discounted price be a securities violation? Maybe bad business but then the entire Ryanair deal etc would be a violation too? Not EVERY sale has to be "profitable" for a company.
 
pnwtraveler
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RE: Silk Way Signs MoU For Four 747-8 Freighters

Sun Mar 24, 2013 7:10 pm

Quoting trex8 (Reply 8):
Quoting pnwtraveler (Reply 6):
If that wasn't true they would be open to securities violations.

Why would agreeing to a very discounted price be a securities violation? Maybe bad business but then the entire Ryanair deal etc would be a violation too? Not EVERY sale has to be "profitable" for a company.

Claiming they turned down orders where the price was too low, when it never happened, would be. Nothing to do with discounts.
 
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RE: Silk Way Signs MoU For Four 747-8 Freighters

Sun Mar 24, 2013 8:21 pm

Quoting zeke (Reply 2):
The risk in this order in my view is the airline seems to be heavily reliant in obtaining and supporting military operations.

Oil related infrastructure is the name of their main game, not defence.

Quoting mercure1 (Reply 5):
Quoting zeke (Reply 2):
As a pure long haul freight operation, I do not think it has the network or structure to be very competitive out of China.

What does this have to do with China?

My thoughts too - they have a much greater focus on Kazakhstan and Central Asia. This airline has 2 763Fs, 3 744Fs and a good number of Il-76s - which are in active service, unlike many Il-76 fleets these days. I suspect some of these 748Fs will be/enable substitutes for the Il-76s.


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RE: Silk Way Signs MoU For Four 747-8 Freighters

Sun Mar 24, 2013 8:39 pm

Quoting PlymSpotter (Reply 10):
Quoting mercure1 (Reply 5):
Quoting zeke (Reply 2):
As a pure long haul freight operation, I do not think it has the network or structure to be very competitive out of China.

What does this have to do with China?

My thoughts too - they have a much greater focus on Kazakhstan and Central Asia.

But looking at their timetable, I suspect transit freight from China to Europe makes up a significant part of their business:

http://www.silkway-airlines.com/
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tk1244
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RE: Silk Way Signs MoU For Four 747-8 Freighters

Sun Mar 24, 2013 8:52 pm

Congrats to Boeing and Silkway!!!
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zeke
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RE: Silk Way Signs MoU For Four 747-8 Freighters

Sun Mar 24, 2013 9:46 pm

Quoting mercure1 (Reply 5):
What does this have to do with China?

That is where their 744Fs are mainly deployed and being utilized correctly. The 748 is the wrong aircraft for short to medium haul operations (most of their routes are less than 4 hours). Their 767s or similar (A330/777) would be better suited to such work.
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RE: Silk Way Signs MoU For Four 747-8 Freighters

Mon Mar 25, 2013 12:51 am

Quoting PlymSpotter (Reply 10):
My thoughts too - they have a much greater focus on Kazakhstan and Central Asia. This airline has 2 763Fs, 3 744Fs and a good number of Il-76s - which are in active service, unlike many Il-76 fleets these days. I suspect some of these 748Fs will be/enable substitutes for the Il-76s.

At least one of them is a "90SW" version of the Il-76 with newer engines, Volga-Dnepr uses a similar variant.

Anyway I guess they must have been happy with their secondhand 744s and their 763 order.
 
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RE: Silk Way Signs MoU For Four 747-8 Freighters

Mon Mar 25, 2013 1:03 am

I would nopt be surprised to see expansion on their own metal to North America and other longer haul markets, they currently have agreements with other carriers which cant be ideal as they dont call the shots when they get a nice parcel.

Quoting PlymSpotter (Reply 10):
Oil related infrastructure is the name of their main game, not defence.

I cant comment on Silk Ways business, but O&G is huge and growing rapidly in this area. Drill rigs and augers etc can be big (or too long for regular SCD's) and Im sure the 748 capacity with nose loading would be handy.

LH also have a cargo hub in ALA for a reason.
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RE: Silk Way Signs MoU For Four 747-8 Freighters

Mon Mar 25, 2013 3:24 am

Quoting LAXintl (Thread starter):
Silk Way say the freighters would be would be delivered beginning in 2014 thorugh 2017.

First, good news to see the line stretched out.

Bad news is there were 2014 slots available without a line acceleration...

I still have hope for the 748, but partially it is being whacked by a poor freight market. A market I expect to recover slowly. However, I hope by 2017 it has regained its legs.

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RE: Silk Way Signs MoU For Four 747-8 Freighters

Mon Mar 25, 2013 9:40 am

Quoting lightsaber (Reply 16):
I still have hope for the 748, but partially it is being whacked by a poor freight market. A market I expect to recover slowly. However, I hope by 2017 it has regained its legs.

I wouldnt mention a particular year but basically you are right. Add to it that by then a number of older freighters will have reached their age its well possible we see an order rebound in a few years.
 
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RE: Silk Way Signs MoU For Four 747-8 Freighters

Mon Mar 25, 2013 10:20 am

Quoting pnwtraveler (Reply 9):
Claiming they turned down orders where the price was too low, when it never happened, would be. Nothing to do with discounts.

Of course Boeing wouldn't go public on failed order negotiations, but babbling CEO's of airlines have regularly mentioned that they have talked about the 748 but felt Boeing didn't go down in price enough. Wether that's true or reasonable is up for debate. (Not here, not now please)
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