News / 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 Russian-owned UK airline, which has now severed all ties with sanctioned owner Alexei Isaykin, is no longer under sanctions itself, and the administration is able to wind up the company. 

Valuation agents Lambert Snith Hampton (LSH) aims to complete a sale of the stock left at Schiphol for $390,000, plus VAT, by the end of the year – but the stock has also incurred high storage ...