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Volga-Dnepr sets up UK firm so AirBridgeCargo can operate in US
RUSSIA's Volga-Dnepr Group has set up a new company at Stansted Airport outside of London, branding Cargo Logic Management with CEO Alexey Isaykin at the helm.
British Companies House incorporation documents do not specify the objectives of the company, beyond "realisation of activity on expansion of market of goods and services in aviation," reported London's Loadstar.
But sources in the UK indicate that AirBridgeCargo is eyeing routes for a Boeing 747-8 freighter between Manchester and the US. It has taken on several of the staff made redundant by Global Supply Systems (GSS), the former operator of British Airways World Cargo's freighters.
Well-placed sources suggest that it will be some time before routes are finalised. Civil Aviation Administration records show that none of the Volga-Dnepr Group companies, nor Cargo Logic Management, currently has a UK aircraft operating certificate.
However, a company named Cargologicair, at the same address, applied to the CAA for a UK Type A operating licence and route licences last month.
If a UK subsidiary airline does materialise, it could go some way towards explaining why the outsized project lift giant signed an MoU for twenty 747-8Fs at the Paris Air Show in June.
The number of employees at GSS has shrunk from 125 in 2013, to 44 in 2014, with many of those thought now to be employed by Volga-Dnepr. In June, Atlas Air World Wide, which had a 49 per cent shareholding in GSS, took the remaining 51 per cent the company.
British Companies House incorporation documents do not specify the objectives of the company, beyond "realisation of activity on expansion of market of goods and services in aviation," reported London's Loadstar.
But sources in the UK indicate that AirBridgeCargo is eyeing routes for a Boeing 747-8 freighter between Manchester and the US. It has taken on several of the staff made redundant by Global Supply Systems (GSS), the former operator of British Airways World Cargo's freighters.
Well-placed sources suggest that it will be some time before routes are finalised. Civil Aviation Administration records show that none of the Volga-Dnepr Group companies, nor Cargo Logic Management, currently has a UK aircraft operating certificate.
However, a company named Cargologicair, at the same address, applied to the CAA for a UK Type A operating licence and route licences last month.
If a UK subsidiary airline does materialise, it could go some way towards explaining why the outsized project lift giant signed an MoU for twenty 747-8Fs at the Paris Air Show in June.
The number of employees at GSS has shrunk from 125 in 2013, to 44 in 2014, with many of those thought now to be employed by Volga-Dnepr. In June, Atlas Air World Wide, which had a 49 per cent shareholding in GSS, took the remaining 51 per cent the company.
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