Cargologic Germany is declared insolvent

DHL: NEW HIGH TARGET ON THE STREET AMZN: BIG DEBT FUNDING ON ITS WAYDHL: 'STELLAR EXPRESS'DHL: UPDATEDHL: STRONG PRELIMINARY UPDATE CHRW: STILL VERY BEARISH PLD: 'MOST PREFERRED'ZIM: DEAL OR NO DEALWTC: MOMENTUMDAC: PAYOUTMAERSK: RETURN TO SUEZCHRW: ANOTHER NOTE OF CAUTION MAERSK: EVERY BOOST HELPS

DHL: NEW HIGH TARGET ON THE STREET AMZN: BIG DEBT FUNDING ON ITS WAYDHL: 'STELLAR EXPRESS'DHL: UPDATEDHL: STRONG PRELIMINARY UPDATE CHRW: STILL VERY BEARISH PLD: 'MOST PREFERRED'ZIM: DEAL OR NO DEALWTC: MOMENTUMDAC: PAYOUTMAERSK: RETURN TO SUEZCHRW: ANOTHER NOTE OF CAUTION MAERSK: EVERY BOOST HELPS

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Another sad nail in the coffin for a Russia-affiliated freighter airline. Almost as quickly as it arrived, Cargologic Germany has departed, having been declared insolvent.

Owned, ultimately, by Russia’s Alexey Isaikin, also founder of Volga-Dnepr Group, the Leipzig-hubbed carrier was banned from European airspace in March, leaving its fleet of four 737Fs grounded. Appeals that it is not in fact Russian, fell on deaf ears in Germany. DVZ reports, (via Air Cargo News).

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    Bankruptcy Blues Cargologic Germany Russia-Ukraine War