Executive Briefings

Ending Operations, Cargoitalia Flies Toward Liquidation

Cargoitalia, the all-cargo carrier that had been recently slashing routings and trying to evolve amid the departure of commercial director Roberto Gilardoni, has suspended operations. The carrier was born from Alitalia's cargo division and counted three MD-11Fs among its fleet.

A note on the company's website reads that operations have ceased "due to the company winding-up," and the carrier's contract with its long-time press agency, Pilot Marketing, was terminated on December 23. In a statement, the agency shed a little more light on the subject.

"A meeting of shareholders of Cargoitalia has voted to place the company in voluntary liquidation," the statement read. "The board of directors has suspended the airline's operations in preparation. No further statement will be issued until a liquidator has been appointed and the finances of the company have been reviewed."

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Cargoitalia, the all-cargo carrier that had been recently slashing routings and trying to evolve amid the departure of commercial director Roberto Gilardoni, has suspended operations. The carrier was born from Alitalia's cargo division and counted three MD-11Fs among its fleet.

A note on the company's website reads that operations have ceased "due to the company winding-up," and the carrier's contract with its long-time press agency, Pilot Marketing, was terminated on December 23. In a statement, the agency shed a little more light on the subject.

"A meeting of shareholders of Cargoitalia has voted to place the company in voluntary liquidation," the statement read. "The board of directors has suspended the airline's operations in preparation. No further statement will be issued until a liquidator has been appointed and the finances of the company have been reviewed."

Read Full Article