Avion orders 777s

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Boeing and Avion Group recently signed final agreements for the purchase of four Boeing 777 Freighters at the Cargo Facts Symposium in Seattle.

The new cargo planes will be operated by Avion Group's subsidiary, wet-lease operator Air Atlanta Icelandic, the world's largest ACMI (aircraft, crew, maintenance and insurance) service provider.

The four 777 Freighters, with purchase rights for two additional 777Fs, will provide additional capacity for a number of international carriers. The first 777 Freighter to Air Atlanta Icelandic is scheduled for delivery beginning in February 2009.

Additionally, Avion Group and Boeing are in negotiations to convert three Air Atlanta Icelandic 747-400 passenger airplanes into 747-400 BCF (Boeing Converted Freighter) models.

The combined value of the four 777 Freighters and the three 747-400 BCFs at Boeing list prices is approximately $1 billion.

Avion Group is the second customer to finalise an order for the 777 Freighter, which was launched with an order by Air France in May 2005. With this order, Air Atlanta Icelandic will join the 777 Freighter launch team.