Freighter operator Cargologic Germany (CLG) has been declared insolvent after it was banned from European airspace in March, reports Oliver Link of Air Cargo News sister title DVZ.
The District Court of Leipzig has appointed the lawyer Lucas F. Flöther as the provisional insolvency administrator.
The insolvency of the airline, which went into operation in autumn 2019, is the result of the German Federal Aviation Authority’s (LBA) decision to block the carrier from European Union airspace from March 11, except for emergency landings and emergency flyovers.
Since then, the company’s four B737 freighters have been stuck at various airports.
CLG was blocked from flying by the federal authority as part of sanctions against Russian airlines,…
