The Volga-Dnepr Group and Moscow’s Sheremetyevo International Airport have signed a partnership agreement on long-term cooperation in the development of an air cargo hub.

“For our airport, agreement of such level and context is the key to success as it anticipates a systematic approach towards enhancement of cargo infrastructure,” said Michael Vasilenko, director general of Sheremetyevo International Airport. “We are delighted to see that it embraces not only the quantitative side where Volga-Dnepr Group guarantees an agreed volume of transit, transfer and import-export cargo flows, but the qualitative side as well with the building of an up-to-date hangar complex for maintenance and repair services, expansion of cargo facilities to offer handling for special commodities and, most importantly, provision of all the resources needed from our side.”

Under the agreement, both parties will also cooperate with other airports to stimulate cargo flows and exchange experience of implementing projects and innovations, according to Volga-Dnepr.

“Both Volga-Dnepr Group and Sheremetyevo airport are strategically oriented towards development of a modern international-level air cargo hub at the premises of Sheremetyevo airport,” said Sergey Lazarev, director general of AirBridgeCargo Airlines, a subsidiary of Volga-Dnepr. “All the agreements and mutual obligations reached in this agreement are particularly intended to guarantee a high quality level of air cargo services for our customers.”