European Cargo appointed Stuart Morris, Robert Fishman, and David Soden as joint administrators on June 3 due to severe financial pressures, including reduced flying activity and rising costs. The cargo company, operational since 2020 at Bournemouth Airport, has ceased trading and made 178 redundancies, with notifications delivered via Microsoft Teams. Iain Edwards remains listed as COO. Teneo is prioritizing support for affected employees and engaging with stakeholders. The administrators are currently evaluating the company’s situation and options, with further updates expected as the situation unfolds.
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