World Airways is boosting its use of MD-11 and DC-10-30F freighters in commercial operations under separate agreements inked earlier this month.
Under a two-year cargo charter contract covering aircraft, crew, maintenance and insurance, World will raise from one to three the number of MD-11 freighters it operates for Eva Airways between Taipei, Taiwan, and the United States. The service is slated to start on a staggered schedule or as the aircraft become available beginning in March.
Valued at $116 million, the deal represents the largest commercial contract in World's history. Since March 2004,World has been flying daily round-trip MD-11F service from Taipei to Los Angeles and Chicago. The new service may be offered from different U.S. gateways, according to the company.
The carrier also signed an aircraft services agreement to operate its two DC-10-30F freighters for Menlo Worldwide Forwarding through 2005. The contract value for the service is estimated at $22 million.
Last year, World Airways, which operates a fleet of 16 wide body aircraft, flew MD-11 freighter charters and a DC-10-30 freighter for Menlo.
With its new pact with Eva, that carrier "will become our largest commercial customer," said Randy Martinez, World's president and chief executive officer. Together, the two contracts bump up considerably the carrier's commercial revenue "to balance our U.S. military contracts and strengthen our presence in the Far East," he said.