Russian Cargo Airline to Refurbish Old Planes Amid International Sanctions

Russia’s AirBridgeCargo, which was hit with international sanctions last year after Russia began its invasion of Ukraine, is refurbishing old planes to resume flights. According to sources close to the Volga-Dnepr group and the United Aircraft Corporation (UAC) as reported by the Russian Business Daily (RBC), the airline is planning to restart its operations using an Il-96 aircraft, which will be repaired and updated by UAC.

Before the sanctions were imposed, AirBridgeCargo occupied 42% of the Russian air cargo market with a fleet made up of 17 Boeing 747s and one Boeing 777.

The sanctions barred aircraft manufacturer Boeing Co. from doing business in Russia. According to Boeing, it hasn’t provided parts, maintenance, or technical support to Russian airlines and maintenance companies since the US sanctions were imposed early last year.

Aircraft require a strict maintenance regime, older planes need intensive services, and all aircraft need regular software updates. Without access to these, airlines risk flight safety. AirBridgeCargo suspended flights in March 2022, less than a month after Russia’s attack in Ukraine. The refurbished Il-96 plane will be its first Russian aircraft.

AirBridgeCargo is under the Volga-Dnepr group. The group’s founder and former president Alexey Isaikin exited the group and transferred control to an executive team after he was hit by UK sanctions last year.

Photos of the first Il-96-400T in AirBridgeCargo’s colors have appeared on telegram channels, reportedly taken at the airfield of the Voronezh Joint-Stock Aircraft Building Company (VASO), which is part of the UAC perimeter. The report from the RBC says that the specific Russian plane in the photo “is not equipped with engines or a stabilizer.” Another Il-96-400T is expected to be added to the fleet soon, according to sources.

The Ministry of Industry and Trade and UAC announced plans to repair and return to service 11 Russian-made aircraft for 15.4 billion rubles in the latter half of last year as an attempt to bolster its heavily-sanctioned aviation industry. Included in the list of aircraft were two Il-96-400Ts. The Volga-Dnepr group was identified as its potential operator. 


Information for this briefing was found via RBC, Cargo Forwarder Global, Twitter, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Agnico Q1 Earnings Results Overshadowed By A Sinking Gold Price

Why More People Are Starting to Feel Broke | Darrell Thomas – VRIC Media

Newmont Q1 Earnings: A Billion In Free Cash Flow… A Month!

Recommended

Altamira Gold Extends Maria Bonita Porphyry System Westward With 70.6 Metres At 0.51 g/t Hit

Antimony Resources Reports 13.9% Antimony in Latest Drill Core at Bald Hill

Related News

Binance Refuses to Block Russian Access to Crypto

Binance, the world’s largest crypto exchange, said it would only freeze the accounts of sanctioned...

Wednesday, March 2, 2022, 01:23:00 PM

Canada’s NATO Defense Spending to Fall Shorter Than the Government Projects, Watchdog Reports

Canada’s Parliamentary Budget Officer (PBO) Yves Giroux has bad news for Canada’s North Atlantic Treaty...

Tuesday, July 9, 2024, 07:10:00 AM

Germany, Poland, EU Want Sanctions On Russian Uranium

Germany, Poland, and a few other EU countries are lobbying for restrictions on Russian nuclear...

Thursday, April 20, 2023, 10:38:34 AM

Hungary Sends Troops to Guard Energy Sites, Blames Ukraine for Oil Disruption

Hungarian Prime Minister Viktor Orbán ordered troops and police deployed to the country’s critical energy...

Thursday, February 26, 2026, 01:05:00 PM

Futures Plummet, Gold Slated for 3rd Week of Gains as Ukraine-Russia Tensions Escalate

Any confidence of a de-escalating situation between Ukraine and Moscow came to an abrupt halt...

Monday, February 21, 2022, 05:34:35 PM