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PUBLISHER: The Load Star (www.theloadstar.com)

Air cargo shippers on Asia to Europe lanes should expect a hike in prices after a substantial amount of capacity has come out of the market.

The EU and UK ban on Russian aircraft in their airspace has seen Volga-Dnepr Group’s AirBridgeCargo remove all its aircraft from Europe in the past three days.

At least four aircraft departed the EU yesterday as the ban came in, according to FlightRadar24. ABC has 15 747Fs, and one 777F in its fleet, a large amount of capacity, particularly given the current marketplace.

The aircraft are either currently in Russia or operating to destinations in Asia, primarily China, but Asia-Europe is its key operating region. It remains to be seen what volumes it can carry in its new restricted world.

Volga-Dnepr Airlines’ aircraft have also left the EU, with one AN-124 destined to arrive in Marseille yesterday, diverted to Tunis. Canada has also banned Russian airlines from its airspace, but one AN-124 appears to be in Toronto, and it is unclear whether it will be able to leave.

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