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European Cargo Enters Administration, Cuts 178 Jobs, Grounds A340-600 Fleet

6/6/2026

33 5 Full Breakdown

Summary

Story summary

European Cargo Limited entered administration on Wednesday, cutting 178 jobs.
Stuart Morris, Robert Fishman and David Soden of Teneo Financial Advisory Limited were appointed administrators.
The carrier posted a $26 million net loss and a $24.2 million operating loss for 2024.
All six Airbus A340-600 freighters were grounded in May 2026, with the final flight departing Karaganda for Maastricht on May 19.

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Story summary

European Cargo Limited entered administration on Wednesday, cutting 178 jobs.
Stuart Morris, Robert Fishman and David Soden of Teneo Financial Advisory Limited were appointed administrators.
The carrier posted a $26 million net loss and a $24.2 million operating loss for 2024.
All six Airbus A340-600 freighters were grounded in May 2026, with the final flight departing Karaganda for Maastricht on May 19.