EU shippers fear for business as their boxes stack up in Russia
While trade sanctions against Russia following its invasion of Ukraine in 2022 have been well-documented, ...
By Alex Lennane
Volga-Dnepr Group has lost some $400m in damages, as well as one of its AN-124 aircraft, following a series of legal decisions in North America.
A judge has ordered AirBridgeCargo (ABC), the European subsidiary of Volga-Dnepr, to pay one aircraft lessor $406.2m.
The long-running case with BOC Aviation, which had three leases with ABC, has been closed following the judge’s decision to award damages to the lessor. BOC should receive $175.8m for the loss of one aircraft, $179.5m for a second and ...
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