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Volga-Dnepr changes management and launches a restructuring plan

Weak operational and financial performance during the first six months of this year has prompted Russia’s Volga-Dnepr Group, which consists of the three specialist cargo airlines AirBridgeCargo (ABC), Volga-Dnepr and Atran, to launch a restructuring plan and appoint a new general director of ABC, the biggest part of the businesses. In the first six months of 2019, freight volumes of the three airlines dropped by six per cent to 2.59 billion tonne-kilometres, some “20 per cent lower than… ( More...

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