FlightGlobal
• David Kaminski-Morrow
UK cargo operator European Cargo enters administration, abruptly grounding A340-600 converted fleet amid rising fuel costs
European Cargo, the Bournemouth-based operator of converted Airbus A340-600 aircraft, entered administration on June 3, citing “significant financial pressures” and fuel cost escalation. The move has halted operations and placed jobs, aircraft and future business prospects in doubt, with Teneo Financial Advisory appointed as administrators.
