Arrivederci, Cargoitalia

Italian maindeck carrier Cargoitalia, which suspended operations at the end of December, has now been placed in voluntary liquidation.


Arrivederci Cargoitalia


Italian maindeck carrier Cargoitalia, which suspended operations at the end of December, has now been placed in voluntary liquidation. The airline was established in 2005 and is the first cargo airline to operate from Italy with private Italian capital. In December 2008, Alis Aerolinee Italiane acquired Cargoitalia to get the air operator certificate of the financially struggling cargo carrier. The AOC was a prerequisite for its bid for the cargo division of Alitalia. Cargoitalia then restarted operations in May 2009 with a single MD-11F, later adding two more with services from Milan to destinations such as Dubai, Hong Kong and New York and a transatlantic service returning via Chicago. The all-cargo carrier also had orders placed for three A330-200Fs.

In a brief statement on its website, the Milan Malpensa-based carrier said: “A meeting of shareholders of Cargoitalia has voted to place the company in voluntary liquidation. 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.”