Aerotranscargo NL bankrupt before 1st flight

The court in Haarlem, the Netherlands, has declared start-up Aerotranscargo NL bankrupt on 20 May, grounding the airline before it even took off. The airline, which was launched in February, had planned to launch operations with two B747-400Fs this summer.

According to The Loadstar, the airline was denied its AOC by the Dutch aviation authorities as it had concerns about the airline's finances and questions about who had actual control of the airline. Aerotranscargo NL was affiliated with Aerotranscargo from Moldavia, but during the launch, the CEO said the company was majority owned and managed by him and his team of Dutch air cargo experts.

Illustration by Aerotranscargo NL.