Volga-Dnepr Group / Press-center / Media Coverage

Volga-Dnepr’s sales revenues climb 55%

04/26/2007

Volga-Dnepr Group has reported a 55% increase in sales in 2006, with revenues reaching a record US$725 million.

The Group’s increased income in 2006 was the result of the successful development of its air charter transportation business using AN-124-100 and IL-76 cargo aircraft, and the expansion of AirBridge Cargo Airlines, its scheduled cargo business that operates a fleet of Boeing 747 freighters.

During the past twelve months, Volga-Dnepr’s AN-124-100 air charter business grew by 26%, while its IL-76 cargo operations achieved a 114% improvement. Revenues from the Group’s scheduled cargo operations rose by 96%.

Volga-Dnepr Group is now forecasting that sales in the current year will reach US$1 billion.

Once again, Volga-Dnepr Group was the world’s largest transporter of outsize and heavyweight air cargo, with a 52.4% share of this specialist world market.

The year saw significant growth in the revenue contribution from long-term contracts to the Group’s charter sales. In particular, Volga-Dnepr and Antonov Airlines’ joint projects – the global companies Ruslan SALIS and Ruslan International, launched in 2006 – developed successfully.

As part of Ruslan SALIS project, Volga-Dnepr generated total sales of US$70.2 million, and the joint sales volume of Volga-Dnepr and Antonov Airlines within the Ruslan International project amounted to US$122 million.

AirBridge Cargo earned revenues of US$227.4 million last year, with scheduled cargo services accounting for 31% of the Group’s total sales.

Volga-Dnepr president Alexey Isaikin said that one of Volga-Dnepr’s strategic goals is to enter the Top 20 of the world’s largest airlines by 2015, and the dynamic nature of the scheduled cargo industry indicates that the carrier may well achieve its target.

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