British cargo airline CargoLogicAir, partner of the Russian carrier AirBridgeCargo (group “Volga-Dnepr”), has decided to suspend flights. The airline “believes that it is extremely difficult to continue business activities” in connection with the latest trends on the freight transport market, in particular with the sharp reduction in demand. Particularly negative effect on CargoLogicAir was affected by the fact that the main market for its commercial activities was China.
The airline reported ATO.ru that are in close contact with civil aviation authority UK (CAA) to “ensure safe transition”, but not answered, whether the planned closure of the operator. In a press-service, the CAA said ATO.ru that, at the request CargoLogicAir its air service licence and air operator certificate will be suspended for three months from 27 February.