FlightGlobal
• David Kaminski-Morrow
UK cargo carrier European Cargo enters administration as rising fuel costs and reduced flying activity drive ~200 job losses
Bournemouth-based European Cargo (operator of converted A340-600 aircraft) entered business administration on June 3, with Teneo Financial Advisory appointed as administrators. The carrier cited “significant financial pressures,” including higher fuel costs and a reduction in flying activity, leading to nearly 200 redundancies.
