Cargo Carrier Predicts Sales Will Rise

Volga-Dnepr, the world's largest hauler of oversized cargo for clients ranging from rock stars to armies, predicted on Tuesday that sales would rise to a record on global demand for large shipments.

Revenue from air cargo operations will probably climb 44 percent this year to $1.5 billion, senior vice president Sergei Shlyanik said Tuesday.

Volga-Dnepr is the world leader in outsized shipments, with 56 percent of the market, Shlyanik said. Clients include touring pop stars such as Madonna and Michael Jackson, as well as governments of NATO countries.

Volga-Dnepr may hold an IPO for as much as 30 percent of the company next year to help finance the purchase of airplanes, Shlyanik said.

The company said it planned to start cross-polar cargo flights in the second half of the year between Russia and North America.