In response to our report this week on Air Cargo Global ceasing operations, the Bratislava, Slovakia-based freight carrier has issued the following press release yesterday (01MAR20), titled: "AIR CARGO GLOBAL TO CONTINUE OPERATIONS IN SLOVAKIA.”
Company confirms closure of German office
In response to recent,significant press coverage regarding the reported closure of Air Cargo Global s.r.o (ACG), the company is releasing the following statement:
"Due to various factors the decision has been made to restructure the ACG organization, part of which includes the closure of the office in Frankfurt, Germany. However, ACG has no intention to entirely cease trading in any capacity."
"ACG, its officers and promoters continue to strongly believe that a cargo airline in the EU, within Slovakia, remains a highly viable proposition; we therefore intend to continue the business of ACG in a way that best serves our clients and customers. We aim to further develop our offering and office in Slovakia and in order to do so, have made the executive decision to close the German branch."
"The restructuring of the company, in close cooperation with the Slovak Transport Authority, is expected to be finalized by April 2020. Accordingly, any statements or media releases stating that ACG has or intends to completely close its business, operations or licenses are grossly inaccurate."
"ACG sees strong potential for continued growth of its business and brand across the EU and throughout the world."
Many questions, little answers
The bottom line is that ACG’s vague announcement raises more questions than it answers, such as:
- Which exactly were the various factors that led to the grounding of the freighter fleet?
- Does the strong belief in the necessity of a Slovakian freight carrier suffice to revitalize ACG?
- Who finances the resurrection in case ops would be restarted?
- “We intend to continue the business of ACG in a way that best serves our clients and customers,” reads the release. Which way is this precisely?
- What exactly does the restructuring plan mentioned in the announcement provide for?
We tried to ask these questions directly to the ACG management, but our calls remained unanswered.
Flightradar 24, meanwhile no longer shows any flight activities or a fleet belonging to Air Cargo Global. Currently, it is not clear which flights are planned after APR20 – if at all.
Brigitte Gledhill / Heiner Siegmund
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