Air Cargo Global to undergo restructuring; Frankfurt office faces closure
Mar 2, 2020: Following several media reports on the closure on Air Cargo Global, the carrier has issued a statement clarifying that it has no plans to cease trading but will undergo a restructuring process, which includes the shutdown of its Frankfurt office.
“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 statement read.
The restructuring of the company, in close cooperation with the Slovak Transport Authority, is expected to be finalized by April 2020.
"ACG sees strong potential for continued growth of its business and brand across the EU and throughout the world," the company said.