Alibaba creates a Russian subsidiary

According to a report in the Russian financial newspaper Kommersant, Chinese e-commerce giant Alibaba has set up and registered a subsidiary company in Russia. Mark Zavadsky, who will run the new company, said its aim was “to further expand our business and support our partners, and also to facilitate cooperation with the Russian authorities.” Zavadsky […]

Silk Way launches new freighter type with 10-unit order

Ukraine-based aircraft designer Antonov booked a firm order for ten An-178 freighters from Azerbaijan-based all-cargo carrier Silk Way Airlines. The An-178, a twin-jet freighter based on Antonov’s 99-seat An-158 passenger aircraft, logged its first flight last week, and the Silk Way order, as well as a two-unit order from China’s Beijing A-Star Science & Technology […]

Rouble Trouble

Rouble Trouble for Russia’s airlines: A combination of economic sanctions and falling oil prices has sent the Russian rouble into freefall against both the euro and the dollar; and Russia’s airlines have been hit hard. Relatively little has been made public, but information from sources in Russia allows us to summarize the situation for several […]

Polet suspends operations

Russia-based Polet suspended both cargo and passenger operations, and has been placed in administration by a Moscow Arbitration Court. The suspension of cargo operations follows a long-running legal battle with lessor Ilyushin Finance Corp (IFC) over lease payments on two An-124s. Earlier this year one of IFC’s owners, Alexander Lebedev, took Polet to court claiming the carrier owed […]

Court rules Polet must return AN-124 to IFC

Legal woes continue for Russia’s Polet Airlines, which has been ordered to return at least one of its two remaining An-124 freighters after losing a long-running court battle with the aircraft’s lessor Ilyushin Finance Corp (IFC). One of IFC’s owners, Alexander Lebedev, took Polet to court in February, claiming that Polet owed IFC US$9 million […]

Some good news from Russia and Ukraine

Since the start of the unrest in Eastern Ukraine, relations between Ukraine and Russia have deteriorated rapidly. However, Ruslan International, the joint venture between Ukraine-based Antonov Airlines and Russia’s Volga-Dnepr Airlines has so far kept above the fray. There may be little love between Russia and Ukraine, but in an interview with Cargo Facts’ European […]

Transaero delivers

Moscow-based Transaero has been busy in the cargo space, while rival Aeroflot was scaling down. In June Transaero signed a deal with Russian Post to carry 600 tonnes of cargo per month out of Moscow’s Domodedovo and Vnukovo airports. The carrier and the postal service also agreed to develop a charter program for postal deliveries on […]

Polet wobbles as court cases continue

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. Although it appears to be winning […]
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