No one can operate freighters profitably any more, right? Wrong! Moscow-based AirBridgeCargo (ABC) operates nothing but freighters, and is doing quite well. Not only did the carrier report a record first half, but it is planning a major fleet upgrade. We’ll get to the first-half details below, but first, the fleetRead More
Post Tagged with: "AirBridge"
Moscow-based AirBridgeCargo (ABC), the scheduled service subsidiary of the Volga-Dnepr Group, reported volume up 9% in the first quarter to a record 86,500 tonnes. Cargo traffic for the period was up 13%. The carrier did not provide any information about revenue or profitability, but did say the volume growth “reflectsRead More
Polet Airlines, the Russian AN-124 operator, is feeling the pinch, writes Cargo Facts’ European editor, Alex Lennane. According to some locally placed sources, it may struggle to see out the year. The airline has faced a string of court appearances relating to its two AN-124s and various claims of debt. AlthoughRead More
When Robert van de Weg and Peter van de Pas resigned from their senior positions at Cargolux over disagreement with the Board’s decision to sell a 35% stake in the carrier to China-based HNCA, the air freight world was immediately awash in speculation about their respective futures. These were twoRead More