European Cargo, based at Bournemouth International Airport, appointed joint administrators due to significant financial pressure, including decreased flying activity, working capital challenges, and rising fuel costs. The company has ceased trading and announced layoffs, prioritizing communication with affected employees and stakeholders. They specialized in freight transport using Airbus A340-600 aircraft and played a crucial role in delivering PPE during the pandemic. Aviation analyst Tomos Shah-Howells described the collapse as a setback for Bournemouth Airport, as European Cargo had ambitious growth plans. The total number of job losses remains unconfirmed, following their recent fleet expansion to 15 aircraft.
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