BUILDING BRIDGES - Volga-Dnepr Airlines
BUILDINGANNUAL REVIEW2015BRIDGES
We learn,so we develop.Group ProfileStrategyAbout Volga-Dnepr Group . . . . . . . . . . . . . . . . . . . . . 2Management of Volga-Dnepr Group . . . . . . . . . . . . 2225 Years of Flight . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4An Overview from our Management. . . . . . . . . . . . . 24Geography of Operations . . . . . . . . . . . . . . . . . . . . . 12Strategy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26Key Performance Indicators . . . . . . . . . . . . . . . . . . . 14Our Values . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30Aircraft Fleet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16Our Code of Ethics . . . . . . . . . . . . . . . . . . . . . . . . . . 32Our Multinational Team. . . . . . . . . . . . . . . . . . . . . . . 18Events in our Anniversary Year . . . . . . . . . . . . . . . . 34Key Customers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Cargo SupermarketVolga-Dnepr's Global Cargo Supermarket . . . . . . . . 40Cargo Supermarket in Action . . . . . . . . . . . . . . . . . . 42Our Charter Cargo Transportation. . . . . . . . . . . . . . . 48Scheduled Cargo Transportation . . . . . . . . . . . . . . . 58Supporting Businesses. . . . . . . . . . . . . . . . . . . . . . . 66Aviation Accident Prevention, Flight Safetyand Aviation Security . . . . . . . . . . . . . . . . . . . . . . . . 74Responsible BusinessSocial Responsibilityand Personnel Development. . . . . . . . . . . . . . . . . . . 76Corporate University. . . . . . . . . . . . . . . . . . . . . . . . . 78Aviation Training Centre . . . . . . . . . . . . . . . . . . . . . . 80Industry Knowledge Centre . . . . . . . . . . . . . . . . . . . 82Social Responsibility. . . . . . . . . . . . . . . . . . . . . . . . . 85Ecology. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87
2GROUP PROFILEABOUT VOLGA-DNEPR GROUPVolga-Dnepr Group comprises several airlines and supporting businesses. These areVolga-Dnepr Airlines, the world’s market leader in the area of air transportation of superheavy and oversized cargoes, AirBridgeCargo Airlines, performing scheduled cargo flights,ATRAN Airlines, working in the segment of medium-haul cargo transportation.From the very beginning when we had only one aircraft and wishedto introduce the unique AN-124-100 Ruslan cargo planeinto the international market, we have been building a serious businessand for the long haul. We have continually sought to improve our workand always believed that we could achieve even better results. Thanksto the constant desire to meet and exceed the expectations of ourcustomers, over the last 25 years, we have become a global Groupof Companies whose aircraft perform charter and scheduled cargotransportation on every continent of the world.Charter Cargo TransportationVolga-DneprAirlinesVolga-Dnepr Airlines, which turned 25 in 2015, is the firstprivate Russian freight carrier. The airline operates the world'slargest fleet of the unique AN-124-100 Ruslan transport aircraft,as well as aircraft from the IL-76 family in the modernisedIL-76TD- 90VD version. The capabilities of these aircraftand enormous experience of the company’s employeesin solving the most challenging and unusual logisticsand technical problems have made Volga-Dnepr a recognisedglobal leader in the industry segment for the delivery of nonstandard (super-heavy, outsize) cargoes by air.AlexeyIsaikinPresidentof Volga-DneprGroupScheduled Cargo TransportationAirBridgeCargoAirlinesAirBridgeCargo Airlines has taken a leading positionin the Russian and international markets for scheduled cargotransportation. The airline's fleet consists of the highly capableand high-tech Boeing 747 aircraft and is one of the youngestin the industry. AirBridgeCargo's global route network includesthe world's largest transportation hub airports, connecting the keyproduction and consumption markets in Asia, Europe and NorthAmerica. The hub network model implemented at Moscow’sSheremetyevo airport ensures the delivery of cargoes from originto destination in less than 48 hours, including ground handling.ATRANAirlinesATRAN Airlines performs scheduled international cargo flightsusing medium-haul Boeing 737 airplanes. It has bases at Vnukovoand Sheremetyevo airports. ATRAN forms part of Volga-DneprGroup’s developing Small Cargo Aircraft project.VOLGA-DNEPR GROUP
GROUP PROFILE3In addition, the Group includes companies involved in maintenance and repair of aircraft, providingground cargo transportation, developing engineering and logistic solutions, and providing insuranceservices. The companies are connected through the principle of business synergy, which isembodied in the concept of the Group's Cargo Supermarket, the essence of which lies in providingindividual comprehensive solutions in accordance with the objectives and needs of each customer.25 years ago, Volga-Dnepr became the first private cargo companyin Russia. At the time of its launch, its staff consisted of only a fewdozen people united by the idea of using the AN-124-100 Ruslanfreighter for international cargo transportation. This aircraft is stillthe world's largest series-produced commercial cargo aircraft. It isunique both in its lifting capacity of up to 120 tonnes and the dimensionsof its cargo compartment.Supporting BusinessesVolga-Dnepr TechnicsSub-Group of CompaniesVolga-Dnepr Technics Sub-Group of Companies providesmaintenance, repair and overhaul (MRO) of Russian and foreignaircraft equipment for both airlines of Volga-Dnepr Group and thirdparty customers.Volga-Dnepr-LeasingVolga-Dnepr-Leasing has consolidated organisationaland financial resources of the Group to create a modernisedversion of the IL-76TD aircraft. As a result, the redesignedIL-76TD-90VD fully complies with ICAO's requirements and isapproved to operate anywhere in the world. Volga-Dnepr currentlyoperates a fleet of five IL-76TD-90VD freighters.Volga-TrucksVolga-Trucks provides door-to-door cargo delivery servicesfor Volga-Dnepr Group's customers. The company hasa Russian Customs carrier licence, which authorises it to performtransportation under the internal customs transit procedure.NIC Insurance CompanyNIC Insurance Company provides aviation risk insuranceprotection for Volga-Dnepr Group. In the interestsof the Group and its employees, it also actively developsnon-aviation insurance, including medical insurance, accidentinsurance, motor insurance, cargo, property and thirdparty liability insurance. NIC's services are supported by itsparticipation in the effective reinsurance system alongside leadinginternational insurers.Volga Dnepr Airlines (Ireland) LimitedVolga Dnepr Airlines (Ireland) Limited (VDI) was established in 1996 and is part of the Charter Cargo Transportation Sub-Groupof Volga-Dnepr Group. The main activity of VDI is managing operating and finance leases of aircraft and aircraft engines.The company plays an important role in the activities of Volga-Dnepr Airlines as the owner of 17 engines for the AN-124-100 (D-18T),one Boeing 737-400 aircraft, and two AN-124-100 freighters. In 2015, the company's turnover grew by 17%. The developmentof Volga Dnepr Airlines (Ireland) Limited is determined by the strategy of Volga-Dnepr Group.ANNUAL REVIEW 2015
4GROUP PROFILE25 YEARS OF FLIGHTVolga-Dnepr receives its first two aircraft;an IL-76 and an AN-124-100 Ruslan,unrivalled in terms of payload capacityand size of the cargo compartment.To introduce it into the world market, theRussian-British joint venture HeavyLiftVolgaDnepr Ltd. was established.The airline operates its firstinternational flight on a routingof Ulyanovsk – Moscow –Amsterdam – AlmatyJoint stock companyUlyanovsk-basedVolga-Dnepr becomesthe first private cargoairline in Russia.The airline starts charter flightsto China and is also officiallyincluded in the register of carriersof the United Nations.After registrationin the International Civil AviationOrganisation (ICAO), VolgaDnepr starts international flightsunder its own flag, VDA. In April,it completes its first shipmentof truly unique cargo – twogas turbines with a total weightof 80 tonnes. For this,specialists of the company hadto design a special loading-andunloading solution.Volga-Dnepris the firstRussian cargo airlineto become a memberof The InternationalAir Cargo Association(TIACA). It is alsoawarded more than70 permits to performinternational charterflights.In July, 1995, NIC InsuranceCompany was establishedto provide aviation riskinsurance protectionfor the companyVolga-Dnepr is the firstRussian airline to beawarded a RussianCustoms carrier licence.Its aircraft maintenancebase was certifiedto perform all typesof maintenancefor AN-124-100,IL-76, AN-12,and AN-32 typeaircraft. Prior to this,only the Sheremetyevointernational complexhad such rightsin the country.1990 1991 1992 1993 1994 1995VOLGA-DNEPR GROUP
GROUP PROFILE5Volga-Trucks was foundedto provide door-to-doorroadfreight transportationservices for customersof Volga-Dnepr AirlinesVolga-Dnepr wins the national'Wings of Russia' prize for 1997in the 'Cargo Carrier on Domesticand International Routes'category.In Sharjah (UAE)and Shannon (Ireland),Volga-Dnepr opensbases to performaircraft maintenance,repair and overhaulservices.1996Volga-Dnepr sets a worldrecord in commercial goodstransportation by deliveringa unique chemical reactorfrom Paris to Doha (Qatar).Its total weight, includingspecial rigging, was140 tonnes.1997The start of long-termcooperation betweenVolga-Dnepr andLockheed Martin, oneof the world's largestaerospace companies.The airline delivers launchvehicles to cosmodromesfor commercial launchesof satellites in orbit.The Federal Air TransportAgency of Russia appointsVolga-Dnepr the leading airlineoperating as the AN-124-100Ruslan19981999ANNUAL REVIEW 2015
6GROUP PROFILE25 YEARSOF FLIGHTVolga-Dnepr Airlines becomes a memberof the International Air Transport Association (IATA),having passed a multi-stage procedureand received the official certificateVolga-Dnepr becomes the firstRussian company to receivethe prestigious 'Development of AirCargo Transportation' award,presented by U.S. – based AirTransport World magazine.Volga-Dnepr becomesa Group of companies.In order to build its ownglobal sales network,the carrier opens two newsubsidiaries:Volga-Dnepr Unique AirCargo, Inc. in Houston,USA, and Volga-DneprUK Ltd. in Stansted (UK).The HeavyLift-VolgaDneprjoint venture comesto an end.2000VOLGA-DNEPR GROUPThe IL-76 modernisation programme is awardednational status by the Russian Aerospace Agency.For its successful implementation, Volga-Dnepr createsVolga-Dnepr-Leasing.Volga-Dnepr Airlines and Antonov Airlines createthe Ruslan SALIS GmbH joint venture in Leipzig,which wins an international bid for strategicairlift in support of international peacekeepingand humanitarian missions.Under the auspicesof the United Nations,Volga-Dnepr delivershumanitarian aid andequipment to peacekeepingforces in Afghanistan.20012002Volga-Dnepr Group enters the scheduledcargo transportation marketby establishing AirBridgeCargo Airlines.At the world's biggest air show at LeBourget in Paris, Volga-Dneprpresents its joint programme with IlyushinDesign Bureau to modernise theIL-76 to substantially improve the flightcharacteristics of the aircraft,which getsthe new name of IL-76TD-90VD.20032004
GROUP PROFILE7AirBridgeCargo Airlines wins the 'Wingsof Russia' award in the 'Cargo Airlineof the Year - International and DomesticRoutes' category.The Baltic Air Charter Association(BACA) names Volga-Dnepr Airlinesas 'Best Charter Cargo Airline' basedon its performance over the previousyear.Volga-Dnepr Airlines receivesa certificate of conformityto the ISO 9000:2001international quality standardsfrom IQNet.Volga-Dnepr Airlines receives an IATAOperational Safety Audit (IOSA)certificate confirming its compliancewith international flight safety standards.Thus, it is the first cargo airline in Russiaand only the second in the world to passthe IOSA audit for compliance withthe new version of IATA's safetystandards.Volga-Dnepr creates its Engineering andLogistics Centre (ELC) to provide additionalservices to its customers and to developinnovative engineering and logistics solutionsfor the transportation of outsized cargoin the shortest possible timescales.The upgraded IL-76TD-90VD performsits first commercial flightVolga-Dnepr Airlines and Antonov Airlinesestablish the Ruslan International jointventure in the UK to jointly provide theircustomers with AN-124-100 cargo servicesto maximise the benefits of this unique fleetand strengthen its positioning worldwide.20052006To centralise and improve MROservices, Volga-Dnepr Technicsis establishedAt the end of the year, Volga-DneprGroup increases sales by 55%and becomes one of the world’s20 largest freight carriers.200720082009ANNUAL REVIEW 2015
8GROUP PROFILE25 YEARS OF FLIGHTAirBridgeCargo receivesthe 'Wings of Russia' awardin the category 'Cargo Airlineof the Year – Internationaland Domestic Routes'.Volga-Dnepr Airlinesobtains the right to transport rocketand space equipment and fuelAirBridgeCargo receivesthe 'Wings of Russia' awardin the category 'Cargo Airlineof the Year – Internationaland Domestic Routes'.AirBridgeCargo joins IATA and performs itsfirst flight over the North Pole from Chicagoto Krasnoyarsk.Frankfurt am Main Airport recognisesAirBridgeCargo as the best freightcarrier.Volga-Dnepr Groupincludes Atran Airlines,performing medium-haulcargo transportationAirBridgeCargo becomes the first cargoairline to introduce scheduled flights betweenRussia and the United States.AirBridgeCargo receivesthe international 'Golden Chariot'transport award.AirBridgeCargo receivesthe 'Wings of Russia' awardin the category 'Cargo Airlineof the Year – Internationaland Domestic Routes'.AirBridgeCargo receivesthe title of the 'Best Cargo Airline'at Amsterdam Schiphol Airport.2010VOLGA-DNEPR GROUP20112012
GROUP PROFILE9Volga-Dnepr Airlines transports morethan 600 tonnes of medicines to 12 citiesin North Africa to help in the fight againstthe outbreak of the Ebola virus.AirBridgeCargo was named the 'Best CargoAirline' at the 28th Asian Freight, Logisticsand Supply Chain Awards (AFSCA)AirBridgeCargo wins the prestigious 'Cargo Airlineof the Year' award following an open vote among industryexperts and buyers of air cargo services. The awardis presented annually by the leading industry publication,Air Cargo News. Volga-Dnepr Group is also honouredwith the 'Air Cargo Industry Achievement' in the World AirCargo Awards.Volga-Dnepr completed a major projectin Papua New Guinea, which began in 2008and which included the constructionof the Komo high-altitude airfield. Over 103 days,an AN-124-100 made 88 flights and transportedmore than 6,000 tonnes of industrial equipmentfor ExxonMobil's new gas processing plant.AirBridgeCargo is recognisedas the 'Best Cargo Airline of the Year',according to customers votingin the annual Payload Asia Awards.Volga-Dnepr Gulf, Volga-Dnepr's partnerin the UAE, opens its new MRO hangar facilityat Sharjah International Airport.201320142015ANNUAL REVIEW 2015
10GROUP PROFILELOGISTICS FOR HUMANITARIANAND PEACEKEEPING MISSIONSSince 1990, Volga-Dnepr Group has been providing services to transport humanitarian aidand special equipment for rapid response when man-made and natural disasters happenaround the world.Over the years, Volga-Dnepr Group has taken part in dozens of humanitarian and peacekeepingmissions in various parts of the globe. The company's aircraft have provided humanitarian airtransportation for the Red Cross, NATO member countries, and the EU.Volga-Dnepr deliveredhumanitarian aid and equipmentto fight the consequencesof the earthquake in Haiti.Under the auspices of the United Nations,the airline delivered humanitarian aid and equipmentto peacekeeping forces in Afghanistan.Volga-Dnepr was the first commercial airlineto launch flights to this region. In total, 170 flightswere operated within the programme.AirBridgeCargo delivered 160 tonnesof humanitarian cargo for victimsof the devastating cyclone in Myanmarand the earthquake in Southwest China.2002VOLGA-DNEPR GROUP2008Volga-Dnepr carriedspecial mobile equipmentto fight the consequencesof the earthquakeand tsunami in Japan.Volga-Dnepr performed cargo flightsin support of the programmes to helpthe victims of the catastrophic floodsin Pakistan.201020102011
GROUP PROFILEVolga-Dnepr Airlines transportedhumanitarian cargo to Erzurum,Turkey, to help the victimsof the region's earthquake.11On commission of the Norwegian RedCross, an IL-76TD-90VD of VolgaDnepr Airlines made two flightsto Nepal to deliver 45 tonnesof humanitarian cargo. A mobilehospital for 60 people helped victimsof the earthquake, which was the mostpowerful in the country since 1934.Volga-Dnepr Group deliveredhumanitarian aid to help peopleaffected by Typhoon Haiyanin the Philippines.Volga-Dnepr performed flightswithin the mission to combatthe Ebola virus in Africa.201320132014An IL-76TD-90VD of Volga-DneprAirlines delivered more than 40 tonnesof humanitarian aid from ZurichInternational Airport to Erbil, Iraq,for the refugee camp housing victimsof the civil war in Iraq.20142015ANNUAL REVIEW 2015
12GROUP PROFILEGEOGRAPHYOF OPERATIONSVolga-Dnepr Group builds reliable air bridges for its partners worldwide. Today, its fast-growing routenetwork spans five continents: Eurasia, North America and South America, Africa, and Australia.And even Antarctica is covered. In December 2015, an IL-76TD-90VD of Volga-Dnepr deliveredcargoes to the White Continent for the first time.934charter flightsin 2015ChicagoNew YorkDallasHouston11,592scheduled flightsin 2015In 2015, AirBridgeCargolaunched scheduled flightsto Singapore, Hanoi andHelsinki, as well as flightson transpacific routes fromAsia to the United States.VOLGA-DNEPR GROUPBetween November 2015 and April 2016, Volga-Dnepr performeda series of IL-76TD-90VD flights to Antarctica, carrying some190 tonnes of cargo for international research and explorationteams working on the continent. The flights operated fromand to South Africa.
GROUP logneLiègeFrankfurt am MainParisMunichMilanZaragoza 5 mln tonnesThe Group airlinesfly to 310 airportsin 120 countriesof the worldcargo charter flightssince 1990of cargo have beentransported since haiTokyoSharjahHong KongBranches and representative officesof Volga-Dnepr GroupKey maintenance, repair and overhaul(MRO) centresRoute network of AirBridgeCargo(scheduled flights)Route network of ATRAN(scheduled flights)Route network of Volga-Dnepr(charter flights)As of December 31, 2015ANNUAL REVIEW 2015
14GROUP PROFILEKEY PERFORMANCEINDICATORSIn the year of its 25th anniversary, Volga-Dnepr Group demonstrated good operatingresults, showing the success of its strategy focused on customers' needs. A key elementof its business model is the concept of the Cargo Supermarket. Different types of aircraft,from heavy to medium-haul planes, performing both scheduled and charter cargo flights.A balanced and flexible business model helps us develop even in a difficult economicenvironment, when the reduction in one segment is offset by growth in another one.Sales volumesCharter cargotransportation i
to destination in less than 48 hours, including ground handling . Charter Cargo Transportation Volga-Dnepr Airlines Volga-Dnepr Airlines, which turned 25 in 2015, is the first private Russian freight carrier . The airline operates the world's largest
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