CargoLogicAir suspended its operation. Rumours say it has gone bankrupt.
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CargoLogicAir, a British cargo airline with its headquarters in the London Heathrow Airport, suspended its operation following a Level 1 finding – non-compliance with EASA [European Aviation Safety Agency] regulations – according to Aircargo News and other industry-related media.
The reason for the suspension is a Level 1 finding – non-compliance with European Aviation Safety Agency (EASA) regulations. According to the Aircargo News, the UK CAA still holds an AOC, but some other sources, like the community of the Infinite Flight reports that the company is effectively bankrupt, having recently bailed itself out by selling its 744F to Cargolux. Its parent Air Bridge Cargo isn’t apparently affected. Aircargo World and Cargo Facts had already reported the end of the company back in the beginning of February, when reporting that Cargologicair’s 747-8 and one of their 747-400s were returned to lessors in January 2020. On February 9, CLA grounded the remainder of their fleet indefinitely and laid off the majority of their workforce.
The airline was established in March 2015 and effectively became the only British all-cargo airline. It received its Air Operator’s Certificate (AOC) from the UK Civil Aviation Authority in December 2015 and commenced operations soon after. The airline’s fleet of four Boeing aircraft operated scheduled and chartered services on routes between the UK, Asia, Africa and the Americas.
A level one finding means that authorities have determined that the level of compliance and/or safety performance of an airline has fallen to the extent that there is a potential or significant risk to flight safety. According to Aircargo News, the airline’s AOC has immediately been revoked, but it may result in provisional or substantive suspension or variation of the approval, or a proposal to revoke the approval.