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Stantret is one of a series of some 12 cases and 6 country notes on entrepreneurship in various parts of Eastern and Central Europe. The whole series was planned, financed and coordinated by the European Foundation for Entrepreneurship Research (EFER). Each of the cases, and indeed the country notes, was written by a local East/Central European researcher working in collaboration with an EFER team. (See also 393-034-1 through 393-058-5 and 393-061-1). Stantret, a highly successful private cargo airline, is the brain-child of the 25-year-old entrepreneur Sergei Sleptsov. He initially manages to barter and negotiate his way through suffocating red tape to realize high profits with virtually no competition. All of this is now changing as fuel and aircraft shortages mount, a major new competitor enters the market and some Stantret managers apparently start to put personal financial interests ahead of Stantret. The issues go beyond Sleptsov''s own future role as an entrepreneur; the case raises the fundamental question of how to convert from short-term opportunism to long-term enterprise building.