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
Swissport Belgium has filed for bankruptcy, but said its cargo business in Brussels and Liege won’t be affected.
Together with subsidiary Swissport Belgium Cleaning, it will prepare to end operations, it said.
Swissport said both companies had been “notoriously loss-making”, and had “for many years relied on repeated liquidity provisions from their parent”.
It added that there had been “numerous” efforts to turn around the business, but these were unsuccessful.
“The funding need for the two entities has been further exasperated by the Covid-19 ...
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