THE Volga-Dnepr Group has confirmed that it has temporarily suspended operations at its AirBridgeCargo and Atran Airlines subsidiaries, reports London's Air Cargo News.
Volga-Dnepr declared the decision was made in response to sanctions affecting lessors and because of Bermuda Civil Authority (BCCA) suspending all airworthiness certificates for Russian aircraft on its registry.
The sanctions on lessors require that they terminate aircraft lease deals with Russian airlines.
Meanwhile, the BCCA declared that international sanctions on the aviation sector had a huge impact on the ability to sustain safety oversight on Russian-operated aircraft.
'The Volga-Dnepr Group's management has taken this decision and is working together with its partners and regulators to find possible solutions under the current situation,' said the BCCA.
BCCA added that it also took the decision to lay off many of its employees given the situation.
All of the AirBridgeCargo's (four B747-400Fs, 13 B747-8Fs, and one B777F) and Atran Airlines' fleet (five B737Fs) are listed on the Bermuda registry.
In response, Moscow issued a directive allowing the transfer of affected aircraft to the domestic Russian registry.
'The Group continues its An-124-100/150 and Il-76TD-90VD operations (planes belonging to Volga-Dnepr Airlines) and finds alternative solutions for cargo transportation using other modes (air, sea, truck, rail),' said the BCCA.
SeaNews Turkey
Volga-Dnepr declared the decision was made in response to sanctions affecting lessors and because of Bermuda Civil Authority (BCCA) suspending all airworthiness certificates for Russian aircraft on its registry.
The sanctions on lessors require that they terminate aircraft lease deals with Russian airlines.
Meanwhile, the BCCA declared that international sanctions on the aviation sector had a huge impact on the ability to sustain safety oversight on Russian-operated aircraft.
'The Volga-Dnepr Group's management has taken this decision and is working together with its partners and regulators to find possible solutions under the current situation,' said the BCCA.
BCCA added that it also took the decision to lay off many of its employees given the situation.
All of the AirBridgeCargo's (four B747-400Fs, 13 B747-8Fs, and one B777F) and Atran Airlines' fleet (five B737Fs) are listed on the Bermuda registry.
In response, Moscow issued a directive allowing the transfer of affected aircraft to the domestic Russian registry.
'The Group continues its An-124-100/150 and Il-76TD-90VD operations (planes belonging to Volga-Dnepr Airlines) and finds alternative solutions for cargo transportation using other modes (air, sea, truck, rail),' said the BCCA.
SeaNews Turkey
