A new Dutch cargo airline has gone bankrupt before it ever flew.
Aerotranscargo NL (ATC NL), which announced its launch to great fanfare in February, filed for bankruptcy this week.
Its Moldova-registered parent had set up the Dutch subsidiary, to be headed by former Saudia Cargo boss Peter Scholten.
It was registered in December and had been working towards gaining a Dutch AOC in anticipation of starting operations this summer with two 747s. …

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Source: The Loadstar