Breaking: AirCargoGermany suspends services; routes cargo to rival carriers

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Customers of AirCargoGermany are in panic mode following the immediate suspension of all flights.  According to sources close to the carrier, the German CAA suspended its licence after it failed to show sufficient funds to keep operating under German law.

The all-cargo carrier, which operates four 747-400Fs out of Frankfurt Hahn, is 49% owned by Volga Dnepr, the Russian freighter operator and owner of AirBridgeCargo, which is also reported to have had financial difficulties. One source said that the carrier should be ...