ACG acquisition is good news for airfreight to US, Russia

The recent acquisition by Russian airline major Volga-Dnepr of a major shareholding in German airline Air Cargo Germany, will not only boost the Russian cargo airline’s presence in Europe’s largest air freight market – it’s also good news for the local airfreight industry. The Russian group has bought a 49% share in ACG, one of the airlines in local GSA The Cargo Connection’s GSA stable. The privately owned German airline, which began operations in July 2009, deploys four Boeing 747-400 freighters from its Frankfurt-Hahn hub to South Africa. Its growing network includes China, Armenia, Kazakhstan, India, Kenya, Sudan and the United Arab Emirates and it recently launched services from Germany to South Korea and between Hong Kong and Paraguay. TCC MD Gerd von Mansberg told FTW that the Volga-Dnepr investment brought huge financial stability to ACG which would translate into a far more credible and stable service for the local airfreight industry to the US and Russia.