The IL76 YL-LAK is registered in Latvia, and is operated by Inversija.This company has been operating IL76 aircraft with no incidents for over 25 years, and currently have three IL76 is their fleet - All 3 IL76 (YL-LAK, YL-LAL and YL-LAJ) have been on permanent lease to Adagold Aviation for over 5 years - The company has just changed its name of Adajet Aviation.
Latvia is part of the EU and all the aircraft of there register have to comply to JAR specifications. Therefore, IL76 are permitted to be registered in Latvia if they conform to the JAR specifications, and JAR ops 145 maintenance which in the case of Inversija they do.
The Inversija IL76's are also fitted with TCAS 3 and EGWPS, and the probably the best serviced and operated IL76 in the world. The Latvian CAA would never permit an aircraft that does not confirm to JAR specifications to be registered on their register, and they would not issue on going airworthyness certificates if the operators did not comply - Its that simple, and you can take your hat off to Inversija for being the only IL76 operators to comply with JAR regulations !!
Finally, yhey are the only IL76 type aicraft who have Design Bureau certification to carry 48 pax in front facing seats - Although many other IL76 operators have tried to obtain this certification they cant meet the stringent requirements laid down by the Design Bureau.