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 ...
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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