"If something can go wrong it will"
Murphys’ Law

Looking at these images of recent aviation incidents we are reminded that these events sadly can and do still occur. In most cases the incident happened in flight however we at RACRE never forget that any flight starts on the ground…


Captain Ed Murphy, a USAF scientific office in the late 40’s, used the phrase we now all know as Murphys’ law ‘If something can go wrong it will’ This was later expanded upon to ‘If there are two or more ways to do something, and one of those ways can result in a catastrophe, then someone will do it."
The core principals behind Murphys’ Law being;
To address these events and avoid these accidents it is better to be pre-emptive and pro-active, this is exactly the role of RACRE.


Our Company RACRE

RACRE was formed in 2001 to provide Airline/Aviation Safety, Quality and Economic Audits as required under current Russian legislation and ICAO guidelines. RACRE also provides Economic/Technical Audit services, Corporate and Equipment Financial Evaluations and Appraisals to third parties such as financial institutions, overseas corporations etc. RACRE is a unique organization within Russia and the CIS and we are currently the only company in Russia to be approved to carry out such audits and evaluations as required by ICAO guidelines and local regulations.

Our current clients include major airlines within Russia and the CIS, overseas airlines operating Russian & Western aircraft, major banks and international corporations.

Our Key Aviation Disciplines and Areas of Expertise

Technical audit – to Russian CAA, MAK, JAA, ICAO, IATA (IOSA) or OGP (Oil and Gas production) standard
Corporate audit

Asset management and valuation

Corporate financial, economic, tax, treasury and administrative management

Insurance supervision/assessment of both the Insured and the Underwriters

Accounting management, including presentation of formal/legal declarations/statements

Economic and Strategic analysis

Training provision, planning/procuring/undertaking

Our approvals include;

License to Conduct Auditing Activities, Ministry of Finance For The Russian Federation, #E000374;

License to Conduct Appraisal Activity, Ministry of Property Relations for the Russian Federation, #005185;

Quality and Standard Certificate # SSAQ 000.5.4.0041 was issued on 25th March 2002 (renewed) by the State Certification Register of State Standard of the Russian Federation ‘SovAsK’.

Our key team members;

Mr. Alexander Cherkassov& Licensed Aviation Auditor and Appraiser;

Mrs. Tatyana Makarova Licensed Auditor (Finance);

Mr. Evgeny Gordeev Licensed Aviation Auditor (Technical/Engineering);

Capt. Sergey Danilov ‘Pilot Inspector-1st Class’, Licensed Aviation Auditor;

Capt. Alexey Koptev ‘Pilot Inspector-1st Class’, Licensed Aviation Auditor;

Mr. Valentine Gerasimov Licensed Aviation Auditor (Technical/Avionics);

Mr. Denis Mikheev Licensed Aviation Auditor (Western Aviation Equipment);

Ms. Tatyana Smirnova Licensed Appraiser (Economic Regulation);

Mr. Russell Morland Advisor (JAR/ICAO Operations/Technical Standards)

Our customers

European Bank for Reconstruction and Development

MarathonOil Company

RUSIA Petroleum

British Petroleum

Shell Aircraft Ltd. (SAL)

Rio Tinto Group (Australia)

Flight Dynamics Group (England)

KhantyMansiyskneftegasgeologia Oil- & Gas JS Company

Komiaviatrans Airlines

State Aviation Transport Airlines “Rossia” (Government airlines)

Atlant-Soyuz Airlines

East-Line Group

Domodedovo Airlines

Helicopter Company NPK “PANH”, Krasnodar, Russia

RusLine Airlines, Moscow

IrkutskAvia Helicopter company (Irkutsk, Russia)

Angara Airlines (Irkutsk, Russia)

Aerostar Airlines (Kiev, Ukraine)

Altyn Air Airlines (Kirgizia)

EuroAsia Air (Kazakshtan)

Tusheti Helicopter Company (Georgia)

And many others

Our Experience
In 2002 the European Bank of Reconstruction and Development (EBRD) selected RACRE for long term provision of specialist aviation services and safety oversight audit services in Russia and CIS.

In 2003 British Petroleum also contracted to RACRE for long-term provision of safety oversight on the airlines carrying the corporations’ personnel in Russia and the CIS. This was quickly followed by similar agreements with other major energy, resource and exploration companies from the United States, Great Britain and Australia. These include Shell, Marathon Oil and Rio Tinto Group.

RACRE acted as advisors to a major Western airline, their insurers and their legal advisors during investigation and settlement of a major accident claim involving this airline B747-400 and an Il62 aircraft. As a result of RACRE’s specialist knowledge and technical audit many omissions were proved in the IL62 operators’ operating and technical standards, all of which could and would have contributed to the accident. The IL62’s operators claim and that of their insurer was reduced by 60%, some $2 million dollars

Back home in Russia, in 2002, such companies as PANH Krasnodar, air company ‘Flight’ Astrakhan requested aviation audit by RACRE for the purpose of tendering, successfully, for services on the Caspian Sea Pipeline Project (The Caspian Pipeline Consortium)

In 2003 Shell requested a specialist from RACRE to join their audit team for surveying the air companies Vostok Khabarovsk and Vladivostok Avia.

Comprehensive details on all the audits carried out by RACRE are given below

Our Company RACRE is developing and expanding – so what is new?

Firstly we have divided our company activities in to separate departments representing our 3 core aviation disciplines; RACRE now has 3 aviation departments and we have increased our number of specialist staff to 15.

Financial/Economic Audit Department

Operational Evaluation and Audit Department

Technical Audit Department

Privatization of State Enterprises, an ever expanding and complex field into which RACRE is currently to receive additional certification and approval from various State and Government bodies.

The Russian Far East, RACRE will be opening an office in both the Khabarovsk and Vladivostok districts, as this is an ever expanding market for us and our clients.

RACRE and the Russian Collage of Privatization and Enterprise, Ministry of State Property and Enterprise, have signed a 5 year plan for co-operation.

International Accreditation, RACRE currently holds approvals from the Civil Aviation Authorities of several African nations to audit/survey Russian/CIS aircraft and operators based in these countries.

RACRE is completing accreditation under the IATA ‘IOSA’ programme to conduct statutory audits of IATA member airlines.