Last year commercial airline Volga-Dnepr had revenues of $1.741 billion and generated a net profit of $59.3 million. At the same time, its debts rose to $186 million and, by the company’s estimates, are expected to increase by a further $250- to $300 million during 2012 as Volga-Dnepr borrows more capital money for its Boeing 747-8F acquisitions.
The anticipated signing of a government-to-government deal between Russian President Vladimir Putin and his Ukrainian counterpart, Victor Yanukovich, is expected to kick-start a plan to resume production of Antonov’s An-124 Ruslan freighter.
Ilyushin Finance Co. (IFC), Russia’s oldest and largest aircraft leasing company, is planning to procure Western aircraft types to help the vast country’s airlines to meet soaring demand. Airline traffic grew 13.4 percent in 2011 and has continued at a similar pace this year.