News / Two-year reprieve for Cargologicair, but Volga-Dnepr UK looks doomed

Cargologicair, the UK freighter operator previously owned by Volga-Dnepr Group founder Alexei Isaikin, has been given a reprieve of another two years to wind up – presumably in the hope a future can be found for the carrier.

The administration period is extended until 16 November 2025, on the order of the High Court.

One winner looks set to be the administrator itself, which, based on the charges it has outlined so far, could earn a further £1.4m ($1.75m) over the 24-month ...