Major UK airline in administration with all flights grounded

Stuart Morris, Robert Fishman and David Soden, of Teneo Financial Advisory, were appointed as joint administrators of the airline on June 3.

All affairs, business and property of European Cargo will now be managed under the watch of the joint administrators.

Meanwhile, it’s understood most of European Cargo’s fleet have been grounded at its main base at Bournemouth Airport in Christchurch, Dorset.

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A statement on the website said: “Stuart Morris, Robert Fishman and David Soden of Teneo Financial Advisory Limited, were appointed joint administrators of European Cargo Limited (“the company”) on 03 June 2026.

“The affairs, business and property of the company are managed by the joint administrators.

“The joint administrators act as agents of the company and contract without personal liability.

“In performing their work in relation to this appointment, the joint administrators are bound by the Insolvency Code of Ethics and regulated by the Institute of Chartered Accountants in England & Wales.”

Our sister paper the Bournemouth Echo has reported staff were told of the administration on a group Teams call on Wednesday.

European Cargo operates flights mostly between the UK and China, including Chongqing, as well as Austria and Norway.

The business operates nine Airbus A340 planes.

Various businesses rely on the goods that the European Cargo planes deliver. It brings goods from China, which is then distributed across the UK including in Oxfordshire.

The most recent accounts for the airline shows that although its turnover increased by 157 per cent, it posted an operating loss of $24,203,000.