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 ...
FDX: ABOUT USPS PRIVATISATIONFDX: CCO VIEWFDX: LOWER GUIDANCE FDX: DISRUPTING AIR FREIGHTFDX: FOCUS ON KEY VERTICALFDX: LTL OUTLOOKGXO: NEW LOW LINE: NEW LOW FDX: INDUSTRIAL WOESFDX: HEALTH CHECKFDX: TRADING UPDATEWMT: GREEN WOESFDX: FREIGHT BREAK-UPFDX: WAITING FOR THE SPINHON: BREAK-UP ALLUREDSV: BREACHING SUPPORTVW: BOLT-ON DEALAMZN: TOP PICK
FDX: ABOUT USPS PRIVATISATIONFDX: CCO VIEWFDX: LOWER GUIDANCE FDX: DISRUPTING AIR FREIGHTFDX: FOCUS ON KEY VERTICALFDX: LTL OUTLOOKGXO: NEW LOW LINE: NEW LOW FDX: INDUSTRIAL WOESFDX: HEALTH CHECKFDX: TRADING UPDATEWMT: GREEN WOESFDX: FREIGHT BREAK-UPFDX: WAITING FOR THE SPINHON: BREAK-UP ALLUREDSV: BREACHING SUPPORTVW: BOLT-ON DEALAMZN: TOP PICK
Chief commercial officer Steven Harvey is the latest high-profile executive to leave the Cargologic management group, and will take up a new role as vice president cargo for East Midlands Airport (EMA) in the new year.
Struggles at the group, which includes the UK’s Cargologicair and fledgling Cargologic Germany, and at partner airline AirBridgeCargo have been well-documented, with losses racked up for the year among the group’s carriers expected to be substantial, according to several sources close to the company.
The airlines have seen a large exodus of experience in recent months, including Robert van de Weg, Ulrich Ogiermann and David Kerr.
Unlike some of those, Mr Harvey has left with a new job in hand, at the UK’s largest dedicated cargo airport.
“The opportunities for the airport are significant, particularly as the UK considers new trading relationships with countries all over the world,” he said. “In future years, EMA will play an even more critical role in facilitating UK trade, supporting businesses and creating jobs for people in this region. I look forward to helping the airport achieve this.”
Mr Harvey has some 30 years’ experience in air cargo, including as senior business development manager for Atlas Air, as well as Volga-Dnepr and Ruslan.
Beth Brewster, EMA’s commercial and transformation director, said: “I’m delighted that Steven is joining EMA at a time when we are planning for the longer-term. Steven’s knowledge of the air cargo industry and, particularly his experience of working with airlines, will be invaluable as we shape our strategies for future growth.
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