Cargologicair sells off remaining stock and redundant staff can be paid
The remaining stock of Cargologicair, still under administration, is soon to be sold. The formerly ...
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By Alex Lennane
There is very little detail as yet, but it appears that KLM is to take over Jet Airways’ Dutch business – a move which could include cargo operations. One of Jet’s 777s was impounded at Schiphol last year by handler WFS.
The pair have entered a conditional sale and purchase agreement, notes FlightGlobal. Jet is undergoing a separate bankruptcy in the Netherlands, as Dutch creditors look to recoup debts. The article notes that KLM would not become a shareholder, just acquire the Dutch operations.
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