Volga-Dnepr Group / Press-center / Media Coverage

Volga-Dnepr presses on in Russia's Far East

12/22/2008

Volga-Dnepr last week said it would continue to develop its activities in Krasnoyarsk, despite the collapse of its former interline partner there, KrasAir.

KrasAir was declared bankrupt following several months of financial and operational problems. Sources in Russia said the next stage of the airline's receivership proceedings would take place next April.

The carrier had operated cargo and passenger flights to and from its base at Krasnoyarsk, including acting as a regional feeder carrier for Volga-Dnepr.

A Volga-Dnepr spokesman told IFW: "Volga-Dnepr Group had a joint project with KrasAir in developing a regional hub, but now we intend to develop this project further with other partners, including regional authorities and businesses." At Krasnoyarsk, Volga-Dnepr and its partners have constructed the first modern air cargo terminal in the Russian Far East. The 4,000sq metre facility opened in February.

Volga-Dnepr's scheduled airline subsidiary, AirBridgeCargo, makes around 20 stops a week in Krasnoyarsk on its flights between Asia, and plans to eventually use Krasnoyarsk as a hub for cross-polar routes from Asia to the US and Canada.

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