British Airways World Cargo has renewed the wet-lease of its three Boeing 747-400 freighter aircraft for an additional five years from Global Supply Systems in a deal with total operating costs of over £500m.
Chris Bosworth, general manager commercial development said: “Our customers consistently tell us that they value our freighter capacity, especially on high demand routes such as ex Asia Pacific.
“This investment is a clear sign of the value that BA places on BA World Cargo, and when combined with the strength of the mainline network, serving 200 destinations in over 80 countries, it further improves our strong customer proposition.”
Earlier in the year, BA World Cargo increased the number of its shorthaul freighter services it runs by 40 per cent to deliver a total of 45 weekly wide-body services across 11 European destinations. In addition, the carrier also launched two new weekly Boeing 727 freighter routings from Pakistan in June.
* BAWC is increasing its fuel surcharge to 40p a kilo from 2 August. Bosworth said: “The market remains under intense pressure from climbing fuel costs, which directly impact the costs of providing airfreight. It is regrettable but necessary for us to increase our fuel surcharge in line with our fuel index.”