UK's CargoLogicAir seeks to wet-lease an An-124

CargoLogic Germany enters insolvency proceedings

CargoLogic Germany (GCL, Leipzig/Halle) applied for insolvency restructuring on May 10, nearly two months after it was banned from operating in German airspace due to its alleged links to Russian Volga-Dnepr Group.

The District Court of Leipzig has appointed Lucas Flöther as the provisional administrator. He has ample experience with distressed airlines, having overseen the insolvencies of Air Berlin, Niki (Austria), Condor, and SundAir.

"We are checking whether it is possible to resume flight operations as quickly as possible, taking into account the sanctions. German insolvency law offers suitable options here," Flöther said in a statement to the German media.

A restart would most likely require new investors, as CargoLogic Germany's current ownership is the reason for its insolvency. The German civil aviation authority (Luftfahrt Bundesamt - LBA) banned the carrier from operating in the country's airspace on March 11, 2022, under the framework of sanctions targeting the Russian aviation industry. The decision effectively grounded the airline, which lost all revenue while still facing leases and staff costs...

German authorities detain CargoLogicAir B747

CAA suspends CargoLogic Germany from its airspace

The German civil aviation authority (Luftfahrt Bundesamt - LBA) has suspended the operations of CargoLogic Germany (GCL, Leipzig/Halle) in its airspace as of March 11, 2022, as a corollary of sanctions imposed on Russian airlines in wake of the invasion of Ukraine.

CargoForwarder Global reported that the German affiliate company of Russia's Volga-Dnepr Group ceased all operations immediately thereafter. The airline disputes the suspension.

The ch-aviation fleets advanced module shows the cargo carrier's four B737-400(SF)s operated their last wave of flights on the morning of March 11, with D-ACLW (msn 25775) the last one to land - at Helsinki Vantaa at around 0810L (0610Z), Flightradar24 ADS-B data shows. The other three aircraft are currently parked at Budapest, Katowice, and Ostrava airports. Prior to the suspension, they operated mainly out of Leipzig/Halle.

"We very much regret this decision and are currently holding intensive talks with all relevant authorities and stakeholders. The aim of the talks is to resume flight operations for our German company based in Leipzig as...

Editorial Comment: Articles updates with UK CAA's statement regarding CargoLogicAir status. - 23.03.2022 - 21:21 UTC

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