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. Last Updated: 07/27/2016

Cargo Airline Sees Drop in '97 Sales

Russian private cargo airline Volga-Dnepr achieved sales of $101 million in 1997 compared with $111 million the previous year, chief executive Alexei Isaykin said Friday.

Isaykin said at a news conference that the sales drop was caused by the airline's decision to stop carrying cargo for Russian private traders last year.

"We stopped carrying these cargoes in 1997 because the main goal of Volga-Dnepr was to carry super heavy cargoes," Isaykin said.

He said the company carried a total of 50,000 tons of cargo in 1997 compared with 45,100 tons the previous year. In 1995, it carried 39,633 tons.

"Volga-Dnepr made 90 percent of its flights outside Russia last year because the Russian heavy cargo air market was weak," Isaykin said.

He said Antonov-124s, which each has a capacity of 120 tons, will be the Ulyanovsk-based company's main aircraft this year.

It operates seven Antonov-124 planes, three Ilyushin-76s, one Antonov-12 and one Antonov-32.