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

Why Copper Is Heading To $30 And Silver To $200 | Craig Parry

Mako Mining Q3 Earnings: The Transitional Quarter

B2Gold Q3 Earnings: Goose Troubles Cloud The Narrative

Recommended

Emerita Resources Awards Contract For Pre-Feasibility Study On Iberian Belt West Project

Selkirk Copper Appoints Two Members Of Selkirk First Nation To Leadership Team

Related News

Ukraine Raises US$277 Million From War Bond Auction

In an effort to quickly shore up cash for its armed forces in wake of...

Tuesday, March 1, 2022, 04:10:00 PM

Vladimir Putin Orders ‘Hostile States’ to Pay in Rubles for Gas Supplies

Russian President Vladimir Putin decided to use Russian natural gas— the European Union’s Achilles heel—...

Wednesday, March 23, 2022, 05:01:00 PM

Portugal’s President Says Trump Is A “Russian Asset”

Portuguese President Marcelo Rebelo de Sousa has accused President Donald Trump of being “a Russian...

Thursday, August 28, 2025, 02:51:00 PM

Apparently, Russian Oil Tankers Are Going Dark To Circumvent Sanctions

On face value, the world is striving to ice out Russian oil following President Vladimir...

Thursday, March 31, 2022, 11:23:00 AM

Restaurant Brands International Can’t Suspend Russian Burger King, Works On Divesting Instead

Apparently, Burger King is not the ‘king’ of its Russian franchise. Restaurant Brands International Inc....

Friday, March 18, 2022, 10:53:00 AM