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Aircraft and finance. Air cargo Germany declares insolvency

Frankfurt, Germany - Land of Rhineland-Pfalz offers to back a loan

The management and shareholders of Air Cargo Germany unanimously decided to declare insolvency, following to the the temporary suspension of the Air Operator Certificate (AOC) which was decided a few weeks ago by Luftfahrt Bundesamt, the German Civil Aviation Authority (AVIONEWS). According to the company, through the insolvency proceeding both management and shareholders envision to create an opportunity...

AVIONEWS - World Aeronautical Press Agency - 1151924

AVIONEWS - World Aeronautical Press Agency