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.
After many years of struggle, Ukraine’s aerospace industry appears headed in an upward trajectory, as a promising new civil aircraft program hits the market and some Russian defense market analysts predict Ukrainian military export activity to surpass that of its neighbor over the next decade.
The 21 An-124 heavy airlifters owned by the Russian Air Force are now available for sale to commercial operators, according to unconfirmed media reports in Russia. The Russian Air Force grounded the aircraft in December 2005, and their technical condition is uncertain. If they are for sale, they are certain to attract interest from the four current commercial operators of the An-124.
Volga-Dnepr (Hall 4 Stand E16) and Ilyushin Interstate Aviation signed a general agreement here Monday for three firm orders and 10 options for IL-76TD-90VD freighters. A firm contract is to be signed by the end of July with first delivery following within 15 months.
They’re big. They’re in demand. But they’re getting old, and availability is becoming a problem. That’s why Volga-Dnepr Airlines (VDA) has been pushing so hard for more An-124 Ruslan heavylift freighters to be built. But despite the aircraft’s commercial success since the end of the Cold War, it’s not clear whether renewed production is a priority for Russia’s newly formed, state-owned United Aircraft Co. (OAK).
Barco’s flat-screen cockpit displays have performed well during flight tests of the newly upgraded An-124-100M-150, according to the Belgium-headquartered company. Installed in the world’s largest civil freighter, Barco’s smart displays were built into the aircraft’s cockpit by St. Petersburg-based Kotlin-Novator, the Russian system integrator.