15 years of achievement – and the best is yet to come

 

Since the last issue of BIG NEWS, Volga-Dnepr Group has celebrated its 15 th anniversary, an important milestone in our history.

I wish to take this opportunity to thank all of our customers all over the world for your support over this period. I hope we have consistently demonstrated the quality, reliability and expertise of our people and aircraft fleet.

Whilst our teams in Europe , North America and Asia have been celebrating our proud achievements over the last 15 years, I am reminded of how far we have come as an organization that began its commercial life with a single AN-124-100 freighter aircraft.

Thanks to the unique operating capabilities and reliability of the AN-124, matched by the knowledge and professionalism of our employees, we have been able to consistently grow our business. We have successfully attracted many of the most skilled people in the world of aviation to work with us and, of course, we have grown our AN-124 fleet to 10 aircraft and supported this with IL-76F operations.

In 2004, we achieved another strategic milestone when Volga-Dnepr Group launched AirBridge Cargo , Russia ’s first international scheduled cargo airline. We also took delivery of our 10 th AN-124-100 with its improved payload of 150 tonnes.

We look back with pride but it is our future that is most exciting.

In the first issue of BIG NEWS, we were able to profile the first test flight of our new IL-76-TD-90VD freighter that will join our fleet by the end of 2005. A second version of this enhanced aircraft will enter service with Volga-Dnepr by mid-2006.

In addition, we will be the launch customer for the IL-96-400T freighter aircraft. This 92 tonnes capacity aircraft will be used to support ABC’s growing long-haul network when the first two IL-96s join our fleet in 2006 and 2007 respectively.

I am pleased to report that in the latest round of negotiations between the Russian and Chinese aviation authorities, ABC was awarded additional frequencies to Shanghai and Beijing as well as traffic rights to further Chinese destinations, including Guangzhou and Nanjing . We will also extend our scheduled network to Japan in the New Year with the launch of operations to Nagoya .

In this issue, you will also see that Volga-Dnepr Group has signed a delivery agreement with Aviastar-SP for five new, operationally-enhanced, AN-124-100M-150 freighters. Deliveries of these aircraft will begin in 2008 as part of the AN-124 Production Recovery Project.

The pace of development within Volga-Dnepr Group is ever-increasing as we respond to the opportunities that are open to us. All the time, however, we recognise that we will only maintain our progress by continuing to provide customers using our charter and scheduled operations with the highest levels of customer service and value that have been our hallmark for the last 15 years.

On behalf of the directors, shareholders and employees of Volga-Dnepr Group, thank you for your support so far. We value our partnership with you and look forward to serving you for many years to come.

 ALEXEY ISAIKIN

Chairman & President

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