EAS closes on Volga-Dnepr rescue, but UK arm remains frozen until 2028
EAS Group (Evraz Avia Service) is planning to complete the acquisition of Volga-Dnepr Group in ...
MATX: SMASHING RECORDSDHL: NEW HIGHSPLD: PAY UPCHRW: WAITING FOR THE NEXT EARNINGS BEATMAERSK: DEAL TIME FOR THE OWNERSDHL: ASSET POWERCAT: TIME TO SELLMAERSK: UPGRADEMAERSK: ANOTHER UPGRADE HITS THE WIRES MAERSK: FLATTISH
MATX: SMASHING RECORDSDHL: NEW HIGHSPLD: PAY UPCHRW: WAITING FOR THE NEXT EARNINGS BEATMAERSK: DEAL TIME FOR THE OWNERSDHL: ASSET POWERCAT: TIME TO SELLMAERSK: UPGRADEMAERSK: ANOTHER UPGRADE HITS THE WIRES MAERSK: FLATTISH
It now looks as if the Volga-Dnepr group will be broken down into parts – quite literally. According to Russian media, Aeroflot will buy six 737-800BCFs, which were operated by Volga’s domestic carrier Atran, as well as two 747-400Fs from AirBridgeCargo, in a deal said to be worth $130m. Aeroflot is expected to use the planes for parts, as its struggles for Boeing supplies under sanctions.
Volga-Dnepr is understood to have finalised an insurance settlement with Irish lessor AerCap for the aircraft, which Aeroflot will get for something of a bargain. The deal – and aircraft – are understood to be separate from the offer by former Red Wings CEO Evgeny Solodilin for the remaining Volga-Dnepr, Atran and ABC fleet.
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