CargoLogic Germany declared insolvent

Our friends from Air Cargo News are reporting that CargoLogic Germany has been declared insolvent. The company had been grounded since March by the German authorities, resulting in a loss of revenue and finances to continue to operate.

CargoLogic Germany objected to the grounding, stating that the airline had no direct ties to the Volga-Dnepr Group and that the airline was a subsidiary of CargoLogic Holding in the UK. This holding is owned by the co-founder of Volga-Dnepr, which also has a citizenship of Cyprus next to his Russian one.

The objection was, however, denied and left the airline with no other option than declaring insolvency.

In total, CargoLogic Germany operated four B737-400SFs:

• D-ACLG (28867), currently stored at Cluj since 10 March 2022
• D-ACLO (27673), currently stored at Katowice since 11 March 2022
• D-ACLW (25775), currently stored at Helsinki since 11 March 2022
• D-ACLX (28752), currently stored at Ostrave since 11 March 2022

Photo by CargoLogic Germany.