News / Creditors circle, but Cargologicair could still rise from the ashes

Administrators are investigating a potential sale of Cargologicair (CLA), as creditors swirl around what was once the UK’s only freighter airline.

Despite efforts to separate CLA from its sanctioned Russian owner, Alexey Isaykin, who resigned in June 2022, the carrier entered administration in November after flight bans in Europe and the US effectively grounded it.

David Buchler and Jo Milner, of Buchler Phillips, were appointed administrators and were scathing in a report last week – but they have suggested there is a ...