Volga-Dnepr Group misses targets, begins restructuring process

Russia-based Volga-Dnepr Group will be executing a restructuring plan after the group’s three carriers – AirBridgeCargo (ABC), ATRAN and Volga-Dnepr Airlines (VDA) – saw their collective traffic drop by 6% in the first half of 2019, to 2.6 million FTKs, missing targets by 20%. While an immediate change involves the appointment of a new general […]

El Al ceases 747 freighter ops, looks to AirBridge and ASL for charters [VIDEO]

On 30 June, an El Al-operated 747-400F (26563) landed at Ben Gurion Airport (TLV) on completion of a final commercial flight that originated in Liege, Belgium (LGG). El Al yesterday confirmed that it is retiring the freighter after nine years in service [FAT 005038]. Despite the retirement of the Israel-based carrier’s only freighter, El Al […]

DAE Capital to finance first three AirBridgeCargo 777Fs in sale-leaseback deal

The leasing division of Dubai Aerospace Enterprise (DAE), DAE Capital, will purchase three 777Fs Russia-based Volga-Dnepr Group has on order with Boeing and hand them over on-lease to the group's affiliate carrier AirBridgeCargo (ABC) as part of a sale-and-leaseback agreement [FATs 005021-005023]. The 777Fs are due to join the ABC fleet in 2020. Volga-Dnepr confirmed […]

Volga-Dnepr firms up order for nine 777Fs

Less than one year after expressing interest in the 777F platform, a UK offshoot of the Russia-based Volga-Dnepr Group has firmed up an order for nine 777Fs. Although the deal was finalized in December 2018, the order from Volga-Dnepr UK Ltd. is only now surfacing in a recent update to Boeing’s order book. While a […]

AirBridgeCargo, CLA embark on freight density test with cargo.one

All-cargo carriers AirBridgeCargo and CargoLogic Air have taken the plunge and will begin making spot market capacity and rates visible and instantly bookable through air cargo booking and marketing platform, cargo.one. Although combination carriers have been warming up to the idea for some time, the move represents a major pivot for all-cargo carriers, which have […]

Volga-Dnepr Technics Moscow adds 777 maintenance capability

The MRO arm of Russia-based Volga-Dnepr Group, Volga-Dnepr Technics Moscow (VDTM), has obtained approval from the Bermuda Civil Aviation Authority (BCAA) to carry out maintenance work on Bermuda-registered 777 aircraft. Although none of Volga-Dnepr’s affiliate carriers currently operate the 777 platform, this is expected to change following a 2018 LOI between Boeing and CargoLogicHolding for the purchase of up to twenty-nine 777Fs.  For the time […]

Cainiao, Volga-Dnepr discuss e-commerce impact on load balance [VIDEO]

During a roundtable panel discussion at the 8th annual Cargo Facts Asia symposium held earlier this month in Shanghai, executives from Cainiao and the Volga-Dnepr Group discussed whether e-commerce might one day be the key to balanced loads on freighter aircraft. After all, freighters, just like passenger aircraft, need to fly roundtrip. “Load imbalance has […]
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