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Volga-Dnepr Airlines
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Volga-Dnepr Airlines
Volga-Dnepr Airlines, LLC (Russian: ООО «Авиакомпания «Волга-Днепр») is an airline based in Ulyanovsk, Russia. It specializes in providing air charter services through all-cargo aircraft certified for global operations. Volga-Dnepr Airlines serves governmental and commercial organizations in the petrochemical, energy, aerospace, agriculture, and telecommunications industries as well as humanitarian and emergency service organizations with its services through its 12 aircraft fleet. Its main base is Ulyanovsk Vostochny Airport (ULY), Ulyanovsk and it has a hub at Krasnoyarsk Yemelyanovo Airport (KJA), Krasnoyarsk.
In August 1990, the airline was created as a joint stock company by its major shareholders: aircraft manufacturer Aviastar, aircraft manufacturer Aviant (now known as Antonov Serial Production Plant), aircraft design bureau Antonov Aeronautical Scientific-Technical Complex (now known as Antonov State Company), and aircraft engine manufacturer Progress Design Bureau (now known as Motor Sich). It started operations in October 1991, when it carried 120-ton cargo from Amsterdam to Almaty.
In April 1995, the airline hosted a meeting of companies involved in the design, manufacturing, and operation of the An-124, creating a Joint Coordination Council to plan and implement improvements for that aircraft model.
In November 1996, Volga-Dnepr began scheduled passenger service between Ulyanovsk and Moscow, using Yakovlev Yak-40 aircraft. In the following year, Volga-Dnepr expanded its scheduled passenger service to include St. Petersburg and Sochi, as well.
Aviastar sold its 34% holding in the airline to Russian insurance firm NIK in 1999.
In April 2000, the privately owned Russian defense industry investor Kaskol Group acquired a 16% stake in the airline, of which the majority was from the Ukrainian state property fund. Kaskol later raised its stake to 49% of the airline. At the end of 2005, Kaskol sold its stake in the airline, due to its discontent with the company's management's strategy.
The airline terminated its joint venture with HeavyLift on 1 February 2001, with the stated reason to enable the airline to attract the investment that it needed to expand its fleet. The airline also set up marketing subsidiaries in London, UK and Houston, Texas.
Shortly afterward, HeavyLift joined its UK competitor, Air Foyle, which was the worldwide sales agent of Volga-Dnepr Airlines' Ukrainian competitor, Antonov Airlines, to form a new joint venture, Air Foyle HeavyLift.
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Volga-Dnepr Airlines
Volga-Dnepr Airlines, LLC (Russian: ООО «Авиакомпания «Волга-Днепр») is an airline based in Ulyanovsk, Russia. It specializes in providing air charter services through all-cargo aircraft certified for global operations. Volga-Dnepr Airlines serves governmental and commercial organizations in the petrochemical, energy, aerospace, agriculture, and telecommunications industries as well as humanitarian and emergency service organizations with its services through its 12 aircraft fleet. Its main base is Ulyanovsk Vostochny Airport (ULY), Ulyanovsk and it has a hub at Krasnoyarsk Yemelyanovo Airport (KJA), Krasnoyarsk.
In August 1990, the airline was created as a joint stock company by its major shareholders: aircraft manufacturer Aviastar, aircraft manufacturer Aviant (now known as Antonov Serial Production Plant), aircraft design bureau Antonov Aeronautical Scientific-Technical Complex (now known as Antonov State Company), and aircraft engine manufacturer Progress Design Bureau (now known as Motor Sich). It started operations in October 1991, when it carried 120-ton cargo from Amsterdam to Almaty.
In April 1995, the airline hosted a meeting of companies involved in the design, manufacturing, and operation of the An-124, creating a Joint Coordination Council to plan and implement improvements for that aircraft model.
In November 1996, Volga-Dnepr began scheduled passenger service between Ulyanovsk and Moscow, using Yakovlev Yak-40 aircraft. In the following year, Volga-Dnepr expanded its scheduled passenger service to include St. Petersburg and Sochi, as well.
Aviastar sold its 34% holding in the airline to Russian insurance firm NIK in 1999.
In April 2000, the privately owned Russian defense industry investor Kaskol Group acquired a 16% stake in the airline, of which the majority was from the Ukrainian state property fund. Kaskol later raised its stake to 49% of the airline. At the end of 2005, Kaskol sold its stake in the airline, due to its discontent with the company's management's strategy.
The airline terminated its joint venture with HeavyLift on 1 February 2001, with the stated reason to enable the airline to attract the investment that it needed to expand its fleet. The airline also set up marketing subsidiaries in London, UK and Houston, Texas.
Shortly afterward, HeavyLift joined its UK competitor, Air Foyle, which was the worldwide sales agent of Volga-Dnepr Airlines' Ukrainian competitor, Antonov Airlines, to form a new joint venture, Air Foyle HeavyLift.