Creditors circle, but Cargologicair could still rise from the ashes

Individuals within the airline industry are describing the government’s actions with respect to CargoLogicAir as “farcical” and “ridiculous”, with one source close to the company claiming that “every attempt by management to wind the company down and assist staff was stopped because of the sanctions”, and that “the government wanted to stop Isaykin [the company’s ultimate beneficial owner], and killed CargoLogicAir in the process by not allowing it to be sold. 100 UK jobs were lost. One hand did not know what the other was doing.” More from The Loadstar.