OCEANAIRLINES'death
Thread Starter
Joined: May 2008
Posts: 27
Likes: 0
From: the bottom of the world
OCEANAIRLINES'death
Well,after months and months of pain and disease this company is collapsed so is the end of a beautiful experience for me, one of the Loadmasters, and all the others..
Actually i've tried to send my application to various Cargo Airlines..i wanna ask you something about MIDEX AVIENT AIAflight cargo...
thanx a lot!
Actually i've tried to send my application to various Cargo Airlines..i wanna ask you something about MIDEX AVIENT AIAflight cargo...
thanx a lot!
Joined: May 2007
Posts: 10
Likes: 0
From: Middle East
Another One about to go down....?!
Gents - Hot off the Aviation Wires
20-May-2008 : ITALIAN all-freight airline Cargoitalia, is searching for a buyer in the face of financial difficulties, as yet another widebody freighter operator suffers at the hands of the record high oil prices.
Air Cargo News has learned that chief executive officer, Massimo Panagia (right), has left the company at the behest of the shareholders.
In addition, chairman of the board, Stan Wraight, is no longer involved with the airline.
"I am no longer associated with Cargoitalia. My company, Strategic Aviation Solutions International, had a contract for a specific mandate. The shareholders have terminated that contract. I am not able to comment further on the situation now, but will be able to provide further details within the next few weeks," said Wraight.
The fact that another freighter airline has fallen into financial difficulties, is another indicator of the tough market conditions that are likely to worsen as fuel continues to rise.
As with the industry-wide downturn after the 9/11 terrorist attacks in 2001, ACMI providers are likely to feel the pinch as operators return aircraft at the end of the lease period and airlines increasingly withdraw from unprofitable freighter services.
20-May-2008 : ITALIAN all-freight airline Cargoitalia, is searching for a buyer in the face of financial difficulties, as yet another widebody freighter operator suffers at the hands of the record high oil prices.
Air Cargo News has learned that chief executive officer, Massimo Panagia (right), has left the company at the behest of the shareholders.
In addition, chairman of the board, Stan Wraight, is no longer involved with the airline.
"I am no longer associated with Cargoitalia. My company, Strategic Aviation Solutions International, had a contract for a specific mandate. The shareholders have terminated that contract. I am not able to comment further on the situation now, but will be able to provide further details within the next few weeks," said Wraight.
The fact that another freighter airline has fallen into financial difficulties, is another indicator of the tough market conditions that are likely to worsen as fuel continues to rise.
As with the industry-wide downturn after the 9/11 terrorist attacks in 2001, ACMI providers are likely to feel the pinch as operators return aircraft at the end of the lease period and airlines increasingly withdraw from unprofitable freighter services.
Joined: Sep 2006
Posts: 49
Likes: 0
From: Milan
Cargoitalia ...?
