Vladimir Karnozov

Last year commercial airline <a href="http://www.ainonline.com/aviation-news/aviation-international-news/2008-07-28/paris-air-show-2003-meeting-some-precarious-common-ground">Volga-Dnepr</a> had revenues of $1.741 billion and generated a net profit of $59.3 million. At the same time, its debts rose to $186 million and, by the company’s estimates, are expected to increase by a further $250- to $300 million during 2012 as Volga-Dnepr borrows more capital money for its Boeing 747-8F acquisitions. The loans will also cover the construction of large hangars in Moscow, Ulianovsk and in the United Arab Emirates to be used for 747 maintenance. 
Meanwhile, smaller airline Polet had to sell one of its existing Ruslans to UAC subsidiary Ilyushin Finance in 2011 and one more in 2012 to cover debts amassed with the lessor on the three Il-96-400T freighters and related maintenance services. 
Both Ruslan operators hope for increase in their earning as the outsized cargo transportation market continues to revive. Volga-Dnepr technical director Victor Tolmachev told AIN that each commercially flown Ruslan can operate more than 2,000 flight hours annually, which he said is a high work rate for charter operations. Higher earnings would need to come from higher charter rates, and the latest IATA traffic figures indicate softening demand in response to worldwide economic troubles.

News and developments about aircraft engines, including turbofan, turboprop, turboshaft and piston.

New Ruslan’s Launch Airlines Count On Freight Growth

2024 Corporate Aviation Leadership Summit

Curt Epstein

News and issues relating to the aerospace industry that are related to the science, engineering and business of flight in space involving civil, industrial and military applications, and similar topics related to flight in the atmosphere of the Earth that are not covered more directly by other AINonline subject channels. In other words, both astronautical and aeronautical subjects, except for those aeronautical topics that are specifically covered elsewhere on this website.

A pre-show tour highlighted both programs

As GE9X Prepares for EIS, GE Aerospace Looks to RISE

Charles Alcock

News about environmental issues relating to aircraft operations, including noise issues, emissisions, and regulations. See Fuel for biofuel.

News and developments about aviation fuel, including jet fuel, aviation gasoline, and biofuel.

HPU 210 uses a Kawasaki motorcycle engine combined with an electric motor and batteries

VoltAero Launches Hybrid-electric Powertrain for Kit-built Aircraft

Matt Thurber

News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

New facilities represent an investment of more than $1 billion

Williams Int’l Building Turbine Engine Factory in Florida

Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.

$12 million in funding released to support Hydrogen Center of Excellence

Scotland Backs ZeroAvia's Hydrogen Propulsion Manufacturing Site

News and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.

Farnborough Air Show 2012

More In Engines

As GE9X Prepares for EIS, GE Aerospace Looks to RISE

A pre-show tour highlighted both programs

VoltAero Launches Hybrid-electric Powertrain for Kit-built Aircraft

HPU 210 uses a Kawasaki motorcycle engine combined with an electric motor and batteries

Williams Int’l Building Turbine Engine Factory in Florida

New facilities represent an investment of more than $1 billion

Scotland Backs ZeroAvia's Hydrogen Propulsion Manufacturing Site

$12 million in funding released to support Hydrogen Center of Excellence

XTI Names Powertrain Partners For TriFan 600 VTOL Aircraft

Three companies will help prepare for the integration of as-yet-unspecified turboshaft engines

Rolls-Royce's Pearl 10X Completes Most Major Cert Tests

Engine progresses as Rolls-Royce celebrates the delivery of the 9,000th turbofan from Dahlewitz

XTI and VerdeGo Work on Hybrid-electric Propulsion Options

VH4-T propulsion system could be applied to TriFan 600 VTOL and possible uncrewed aircraft

Ampaire Scores FAA G-1 for Hybrid-electric Propulsion System

FAA approves first G-1 certification basis for a hybrid-electric aircraft powertrain

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