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 ...
By Alex Lennane
Interesting story on Cargologicair, the UK carrier founded by Volga-Dnepr’s sanctioned boss, Alexey Isaikin. Its administrators expect to repay creditors in full, which had been in doubt because banks didn’t want to touch a company close to Russian sanctions. But now the UK government may allow ownership of the company to be transferred to a UK trust, and the administrator has found some £17m available. FlightGlobal reports.
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