Jan
18
Shortly before Christmas, Milan based Cargoitalia ceased all its operations due to mounting financial losses, and teh company is set to be dissolved and liquated. The company ceased all operations on December 21st, 2011.
Cargoitalia fleet of MD-11’s have been grounded since December 21st, 2011. The company put down its dramatic demise to a slump in global demand, which led initially to routes being cut, and then to its eventual bankruptcy.
The Italian air freight carrier, Cargoitalia, was established in 2005 and had previous financial difficulty after acquiring Alis Aerolinee. Cargoitalia had operated…
Most Recent Posts
- US Diesel Prices Fall towards $4 Gallon Tuesday, 15th May 2012
- Weakening Euro Set To Boost Irish Exports Monday, 14th May 2012
- Lufthansa to Cut 3,500 administrative jobs Friday, 11th May 2012
- Cargolux Introduces the World’s First Full 747-8 Flight Simulator Thursday, 10th May 2012
- Asia-Europe Spot rates Increase By 19% Wednesday, 9th May 2012
- New transatlantic Pact Cuts Costs for AEO Accreditated Shippers Tuesday, 8th May 2012
Most Popular Tags
- container
- technology
- eu
- usdieselprices
- lufthansatoslash3500jobs
- lufthansa
- germany
- exporttojapan
- continershipping
- cargolux
- irishexports
- us
- containershipping
- europe
- eurozonecrisis
- spotrates
- e-commerce
- japaneconomy
- airfreight
- japan
- spot
- asia
- aeo's
- oocl
- greece
- dieselprices
- pirates
- exports
- rates
- hapaglloyd
- aeocertification
- fuelprices
- containership
- usa
- westerneurope
- irisheconomy
- freightrates
- tradelanes
- cathaypacific
- shipping
- imports
- aircargo
- maritimenews
- china
- tradelogistics
- luxembourg
- ireland
- unitedstates
- irishexporters
- aeo
- lufthansacargo
- useconomy
- globaltrade
- containerrates
- iran
- boeing
- seafreight
- cargoairlines
- flightsimulator
- roadfreight
