AirBridgeCargo management team set for restructuring

Darren Wood
By Darren Wood August 23, 2019 10:28

AirBridgeCargo management team set for restructuring

Volga-Dnepr Group is set to restructure its business operations following below expectations in its H1 2019 financial results.

The group consists of three air cargo carriers – AirBridgeCargo Airlines (ABC), Volga-Dnepr Airlines (VDA) and ATRAN Airlines (ATRAN) saw all three carriers report a 6% cargo volume decline.

As part of the restructuring, Nikolay Glushnev has been appointed as general director of AirBridgeCargo. He has more than 14 years of experience in air cargo sector and held various positions within ABC up till Director, Operations. His key focus will be to restore ABC customers’ confidence.

Decrease of the world cargo market, overcapacity and operational hurdles prevented the group’s businesses profitability. The group’s board of directors has taken the decision to introduce restructuring plan, aimed at quality enhancement, cost reduction and development of specialist services.

Darren Wood
By Darren Wood August 23, 2019 10:28