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-   -   Cargo B bust ? (https://www.pprune.org/freight-dogs/379536-cargo-b-bust.html)

helldog 5th Jul 2009 09:05

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.

Peppermint Hippo 5th Jul 2009 12:10

A shame. A decent outfit, very decent !!

Broomstick Flier 8th Jul 2009 01:23

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

Trainspotter 9th Jul 2009 10:04

Check your authority...both were still parked at Schipol yesterday afternoon!:ok:

Fr8Dog 9th Jul 2009 19:05

"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

STN Ramp Rat 9th Jul 2009 20:40

they are still in AMS
 
your good source is not that good, OO-CBD was seen in Amsterdam yesterday

AAA737300BF 11th Jul 2009 18:35

FT090702 Link to Air Cargo News article:


Originally Posted by Air Cargo News
Cargo B Bites The Dust

http://www.aircargonews.com/FT09/CargoB070209.jpg 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



747guru 15th Jul 2009 14:51

Cargo bust
 
As the company have filed for bankruptcy, does anyone know if the crews were paid their salaries in the final days?

MaxBlow 20th Jul 2009 09:20

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 :D and will start new jobs soon (who do they screw next).

You'll see:yuk:

IFIX 22nd Jul 2009 16:56

Both the 747's at Amsterdam now sporting an N-registration..

WhaleDriver 22nd Jul 2009 17:49

Do you remember the last to letters on the N registration?

IFIX 22nd Jul 2009 20:55

No, I will check upcoming weekend.
I'm currently off for a few days.

Po Boy 22nd Jul 2009 23:58

please let it be MC :ok:

superspotter 23rd Jul 2009 00:28

OO-CBD is now wearing N385NY.

Po Boy 23rd Jul 2009 00:44

NY, who might that be?

Tank2Engine 23rd Jul 2009 08:04


please let it be MC :ok:
I wouldn't get my hopes up. They'll probably be parked next to their two brothers and sisters in Victorville. :sad:

superspotter 23rd Jul 2009 08:56

OO-CBC is now wearing N384NC.

Tediek 29th Jul 2009 12:44

one of them (last one parked at EHAM) was towed at EHAM yesterday, not sure to get it ready for departure, was difficult to see.

Fr8Dog 29th Jul 2009 13:03

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

Charlie_Fox 30th Jul 2009 17:01

Both ferrying to Victorville, Ca for storage


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