Cargo B bust ?
Join Date: Jul 2002
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Just goes to show that it is bloody difficult to break into any aviation market against long established operators. So many try and so many fail. Then at the end of the day its tha same old names burning holes in the air.
I feel for the eployees, but hey at least the pilots will have no problem finding work with a 744 TR at the moment...... good luck with it.
I feel for the eployees, but hey at least the pilots will have no problem finding work with a 744 TR at the moment...... good luck with it.
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I have it from good source that both 400s were ferried back to Japan, on return to Nippon Cargo, about a week ago.
Sad see them going, "met" them twice on the pattern
Sad see them going, "met" them twice on the pattern
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"I have it from good source that both 400s were ferried back to Japan, on return to Nippon Cargo, about a week ago".
RCPilot2 tells us that all of the head guys from Atlas Air were at his house for a BB-Q on the 4th of July and told him that Atlas was going to get those two 400's.
FR8
RCPilot2 tells us that all of the head guys from Atlas Air were at his house for a BB-Q on the 4th of July and told him that Atlas was going to get those two 400's.
FR8
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FT090702 Link to Air Cargo News article:
Originally Posted by Air Cargo News
Cargo B Bites The Dust
Belgian air freight carrier Cargo B has ceased all operations this Wednesday due to lack of capital.
A high-ranking manager of the carrier’s general sales agent European Cargo Services (ECS) confirmed this to ACNFT.
The insolvency became unavoidable after minority stakeholder Japanese Nippon Cargo Airlines (NCA) rejected plans for an immediate capital injection to channel badly needed cash into Cargo B’s empty coffers.
“Obviously they were so short of money that they couldn’t pay their bills any more and consequently had to stop their entire activities,” commented a person close to the case.
Cargo B is the latest victim of the ongoing financial and economic crisis after a number of North American and Asian air freight carriers went broke before.
The Brussels-based airline first took to the skies in October 2007 with B747-200F’s that had been utilized by Russian Air Bridge Cargo. Confronted with high rising fuel prices Brussels B got rid of the old and kerosene consuming equipment to lease a modern B747-400F from Japanese NCA.
A second brand new freighter of this Boeing variant followed in mid-May this year.
Both aircraft were deployed on a number of routes between Belgium and Latin America and Africa.
In addition to scheduled services, Cargo B also offered full- and part-charters.
At Munich-held Transport Logistik exhibition the airline revealed plans to move operations from Brussels to Liege Airport due to night flight restrictions at their home-base, Zaventem Airport. These plans can be buried now unless the management attracts new investors out that are willing to inject substantial funds in the airline to guarantee Brussel B’s survival.
Heiner Siegmund
Belgian air freight carrier Cargo B has ceased all operations this Wednesday due to lack of capital. A high-ranking manager of the carrier’s general sales agent European Cargo Services (ECS) confirmed this to ACNFT.
The insolvency became unavoidable after minority stakeholder Japanese Nippon Cargo Airlines (NCA) rejected plans for an immediate capital injection to channel badly needed cash into Cargo B’s empty coffers.
“Obviously they were so short of money that they couldn’t pay their bills any more and consequently had to stop their entire activities,” commented a person close to the case.
Cargo B is the latest victim of the ongoing financial and economic crisis after a number of North American and Asian air freight carriers went broke before.
The Brussels-based airline first took to the skies in October 2007 with B747-200F’s that had been utilized by Russian Air Bridge Cargo. Confronted with high rising fuel prices Brussels B got rid of the old and kerosene consuming equipment to lease a modern B747-400F from Japanese NCA.
A second brand new freighter of this Boeing variant followed in mid-May this year.
Both aircraft were deployed on a number of routes between Belgium and Latin America and Africa.
In addition to scheduled services, Cargo B also offered full- and part-charters.
At Munich-held Transport Logistik exhibition the airline revealed plans to move operations from Brussels to Liege Airport due to night flight restrictions at their home-base, Zaventem Airport. These plans can be buried now unless the management attracts new investors out that are willing to inject substantial funds in the airline to guarantee Brussel B’s survival.
Heiner Siegmund
Thread Starter
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Well informed sources are telling me that people are having problems getting their money.
I bet some managers will walk away with their pockets full of money
and will start new jobs soon (who do they screw next).
You'll see
I bet some managers will walk away with their pockets full of money
and will start new jobs soon (who do they screw next).You'll see
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please let it be MC 
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N-number : N384NC & N385NY
Aircraft Serial Number : 36784 & 36785
Aircraft Manufacturer : BOEING
Model : 747-4KZF
Aircraft Year :
Owner Name : MSN36784 TRUST
Owner Address : ATTN: CORPORATE TRUST ADMIN
: 1100 NORTH MARKET STREET
WILMINGTON, DE, 19890-1605
Type of Owner : Corporation
Registration Date : 06-Jul-2009
Airworthiness Certificate Type : Not Specified
Aircraft Serial Number : 36784 & 36785
Aircraft Manufacturer : BOEING
Model : 747-4KZF
Aircraft Year :
Owner Name : MSN36784 TRUST
Owner Address : ATTN: CORPORATE TRUST ADMIN
: 1100 NORTH MARKET STREET
WILMINGTON, DE, 19890-1605
Type of Owner : Corporation
Registration Date : 06-Jul-2009
Airworthiness Certificate Type : Not Specified