Volga-Dnepr is awaiting anti-trust clearance for its planned acquisition of Air Cargo Germany, which will significantly boost the Russian cargo airline’s presence in Europe’s largest air freight market.
The privately-held German airline, which began operations in July 2009, deploys four Boeing 747-400 freighters on flights from its Frankfurt-Hahn hub to China, Armenia, Kazakhstan, India, Kenya, South Africa, Sudan and the United Arab Emirates. It recently launched services from Germany to South Korea and between Hong Kong and Paraguay.
The German government recently rebuffed a bid by AirBridgeCargo, Volga-Dnepr’s scheduled cargo airline, for Fifth Freedom Rights, which would allow it to fly on the Frankfurt-Main-Chicago route.
Air Cargo Germany has traffic rights to the U.S. but it is not currently operating trans-Atlantic services.
Germany and Russia will resume negotiations over a new bilateral air agreement in the fall.
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