Skip to content Skip to Search
Skip navigation

Emirates SkyCargo grows fleet to expand reach

Emirates SkyCargo
Emirates SkyCargo expects to double its existing capacity over the next decade

Dubai-based Emirates SkyCargo has added two Boeing 747-400Fs to its freighter fleet, reflecting its confidence in the global cargo market despite ongoing global economic uncertainty.

The cargo division of Emirates is expecting 15 more freighters to join its fleet from announced orders. The additions will boost the belly-hold capacity from new passenger aircraft deliveries starting with Airbus A350s in late summer 2024, followed by 777-Xs the year after.

Over the next decade, Emirates SkyCargo expects to double its existing capacity and add over 20 new destinations to its freighter network, with a fleet mix of over 300 wide-body aircraft.

Nabil Sultan, divisional senior vice president, Emirates SkyCargo, said: “While the current market volatility may cause others to hesitate, Emirates SkyCargo is pushing full steam ahead with our plans.”

He added that the medium to long-term projections for global air cargo shows an upward trajectory of between three and five percent.

Secured on a long-term wet-lease basis, the two Boeing 747-Fs complement Emirates SkyCargo’s existing fleet of 11 Boeing 777 freighters and are currently being deployed to Chicago three times weekly and to Hong Kong nine times weekly.

“The new aircraft means we can expand our freighter network and amplify the connectivity with the main Emirates network,” Sultan said.

Through its hub in Dubai, Emirates SkyCargo transports cargo to 150 destinations across a global network spanning six continents.

Latest articles

Funds in green sukuk are placed in traceable, environmentally friendly investments such as renewable energy projects

Demand is high for Alrajhi bank’s first green sukuk

Saudi Arabia’s Alrajhi Bank has completed its $1 billion sukuk – having raised $3.5 billion in subscriptions from local and international investors – as the kingdom’s lenders push to raise funds for the government’s expensive giga-projects.  Sukuk are sharia-compliant bonds that were developed as an alternative to conventional bonds, which are not considered permissible by […]

Mubadala Energy employed the drillship West Capella for its latest gas discovery off Indonesia

Mubadala Energy makes second gas discovery off Indonesia

Mubadala Energy, a wholly owned subsidiary of Abu Dhabi wealth fund Mubadala, has made a significant deep-sea gas discovery in Indonesia’s South Andaman Block. The Tangkulo-1 exploration well was drilled about 65 kilometres off North Sumatra and has an estimated capacity of 80 million-100 million cubic feet per day and over 2,000 barrels of condensate. […]

Emirates chief executive Sheikh Ahmed bin Saeed al Maktoum said he was 'confident in our resilience and ability to respond quickly' to challenges such as the recent flooding in Dubai

Dubai to receive $1bn dividend after record Emirates profits

Emirates Group will pay more than $1 billion in dividends to its owner, the Investment Corporation of Dubai sovereign wealth fund, after it announced record profits of just over $5 billion for the year. The holding group includes Dubai-based flag carrier Emirates and aircraft and airport services company Dnata. It repaid $596 million from the […]

Amit Arora the new CEO of Arada, says 'we are seeing a diverse group of investors and residents that want to buy in our communities'

Overseas buyers dominate in Sharjah’s reformed real estate

Overseas buyers in Arada’s two mega-developments in Sharjah have vastly outnumbered locals in the year-and-a-half since the emirate expanded full real estate ownership rights to non-GCC nationals. From when Aljada, Sharjah’s biggest mixed-use project, launched in 2017 until the land reform of late October 2022, Emirati nationals bought more than 63 percent of the value […]