All CargoLogicAir articles
-
NewsCargoLogicAir stock at Schiphol and Han to be sold
CargoLogicAir’s stock at Schiphol and Hahn will be sold this year
-
News
CargoLogicAir administration continues to face difficulty accessing records
The administrator for defunct UK freighter operator CargoLogicAir has highlighted the ongoing issues it has faced in accessing the airline's company records.In a six-monthly progress report, the airline’s joint administrator Buchler Phillips said it had been unable to access Microsoft Azure and Microsoft 365 subscriptions since it was appointed.This was ...
-
News
CargoLogicAir administration to progress after bank account secured
CargoLogicAir's joint administrators have secured access to a bank account that will allow the administration process to progress.In a progress report, the airline's administrator Buchler Phillips said that they had secured the bank account in October after a delay caused by sanctions related to the war in Ukraine.A deal with ...
-
News
CargoLogicAir extends administration period
UK freighter operator CargoLogicAir has extended its administration period as it looks to meet creditor demands.The airline was last week granted an extension of its administration period by 24 months until November 16 2025.Following the extension, Jo Milner from the firm's administrator, Buchler Phillips, said: "It’s normal in particularly complex ...
-
News
CargoLogicAir not likely to be sold as a going concern
The joint administrator of CargoLogicAir has said the airline is unlikely to be sold as a going concern in its latest update on the company.UK-based CargoLogicAir, which operated Boeing 747 freighters, was forced to halt services after sanctions relating to the Ukrainian conflict prevented it from flying to European Union ...
-
News
CargoLogicAir expected to have funds to pay creditors
Administrators of UK-based freight operator CargoLogicAir expect to realise sufficient funds to pay all creditors in full, but have outlined the difficulties of its task given the company’s Russian links and the international sanctions regime, writes Air Cargo News' sister title FlightGlobal.CargoLogicAir, which operated Boeing 747 freighters, was forced to ...
-
News
Volga-Dnepr UK strike-off notice discontinued
The compulsory strike-off notice that was served to Volga-Dnepr UK earlier this year has now been withdrawn according to Companies House.A new filing on the UK's company register dated December 21 shows that cause has been shown as to why Volga-Dnepr UK should not be struck off the register."Accordingly the ...
-
News
UK freighter operator CargoLogicAir enters administration
UK-based freighter operator CargoLogicAir (CLA) has finally entered administration after sanctions related to Russia's invasion of Ukraine affected its ability to do business.The carrier, which at its height operated a fleet of four B747 freighters, had its remaining two freighters effectively grounded in March following the outbreak of the war ...
-
News
Isaykin resigns from CargoLogicAir directorship
Alexey Isaykin has resigned as a director of UK-based freighter operator CargoLogicAir (CLA).Documents filed in the UK show that Isaykin's directorship ended on June 17.Soviet-born entrepreneur Isaykin, who has Cypriot citizenship, is the founder of Russia's Volga-Dnepr Group and controls UK-registered Cargo Logic Holding, which is parent to CargoLogicAir and ...
-
News
Rates decline in March despite Ukraine crisis and Covid restrictions
Airfreight rates on major east-west trade lanes declined in March despite the impact of the Ukraine crisis on airfreight and supply chain disruption in Asia caused by Covid.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in March rates on services from Hong Kong to North America ...
-
News
CargoLogic Germany suspended from EU airspace and CargoLogicAir fleet inactive
CargoLogic Germany has been told it is no longer permitted to fly in European Union airspace while sister company CargoLogicAir has not conducted a flight for almost two weeks.Flight tracking websites show that UK-registered CargoLogicAir’s two B747-400Fs are currently parked at Los Angeles International and Frankfurt Hahn having conducted their ...
-
News
CargoLogicAir returns to profit and targets China service
UK-based freighter operator CargoLogicAir returned to profit last year and hopes to add a service to China in the future.During 2020, the company reported profits of $45.4m, compared with a loss of $39.7m in 2019, as prices for all-cargo flights increased due to the Covid-19 pandemic.Revenues for last year stood ...
-
NewsPicture special: Forwarder Zenith arranges urgent flights for 200 tons of steel
Zenith International Freight helped fly 200 tons of steel from the UK to Canada on two flights as part of an urgent shipment on behalf of a large vehicle manufacturer.The UK-based freight forwarder was approached by the automotive firm when ocean freight equipment shortages and delays to vessels interrupted the ...
-
News
Pandemic freight demand assists pared-back CargoLogicAir
Freight activity catalysed by the pandemic helped UK-based CargoLogicAir last year to improve on a weak performance in 2019, the company has disclosed.The carrier – linked to Russia’s Volga-Dnepr Group – ran into problems in 2020 and sought a temporary suspension of its operating licence, which was subsequently restored in ...
-
News
CargoLogicAir operations boosted with CHAMP's load planning tool
UK-based freighter operator CargoLogicAir is making use of CHAMP's Weight & Balance solution in its freighter operations.An advanced load planning tool, CHAMP's Weight & Balance is used to improve the safety and speed of freighter aircraft loading.The algorithm-based system helps ensure that maximum space is used on an aircraft. In ...
-
News
CargoLogicAir confirms plans to restart flights today
Stansted-based freighter operator CargoLogicAir (CLA) will restart flights later today following the lifting of its Air Operator Certificate suspension yesterday.A CLA spokesperson told Air Cargo News that it would initially fly from China to the UK to carry supplies of Personal Protective Equipment (PPE) but it would be able to ...
-
News
CargoLogicAir set to restart services with two B747Fs
CargoLogicAir has had its operating licence and air operator certificate (AOC) suspension lifted in order to restart flights.In a short statement, the UK's Civil Aviation Authority said that the airline would provide flights carrying medical supplies using two Boeing 747 freighters.At its own request, the airline had its AOC suspended ...
-
News
CargoLogicAir confirms suspension of services as China crisis takes its toll
UK freighter operator CargoLogicAir (CLA) has confirmed to Air Cargo News that it has suspended operations as its exposure to China took its toll.In a short statement, the B747 operator – and the UK's only maindeck freighter operator – said that "due to the latest market development, specifically the drastic ...
-
News
Market talk: CargoLogicAir suspends operations?
Rumours continue to circulate that UK-based freighter operator CargoLogicAir has suspended operations.Some reports have suggested that the company is being wound down as a result of market conditions and the financial outlook.Others have been in touch to suggest that the airline had been issued with a level one audit finding ...
-
News
CargoLogicAir to halve fleet due to challenging market conditions
CargoLogicAir has announced it will reduce its freighter fleet by half early next year as it continues to battle “challenging market conditions”.The Stansted-hubbed airline said that in early 2020 it would reduce its B747 fleet to two aircraft from its current line-up of four – three B747-400Fs and one B747-8F.The ...