Dorset-based carrier European Cargo has filed for administration, resulting in the loss of 178 jobs, as reported by BBC News.

The airline, based at Bournemouth International Airport, announced that joint administrators had been appointed to manage its affairs, business, and property. This move comes only months after the company expanded its UK footprint.

Aviation analyst Tomos Shah-Howells described the collapse as a 'sucker punch' for Bournemouth Airport, noting the airline's unique business model and recent growth. He added that reliance on ageing Airbus A340-600 aircraft and rising fuel costs had impacted the carrier at a critical time.

European Cargo had expanded its fleet to 15 aircraft and opened new bases at Teesside and Cardiff. During the Covid pandemic, the airline played a vital role by flying personal protective equipment into Bournemouth, promoting the airport as a cost-effective alternative.

Joint administrators Teneo stated that the collapse followed 'significant financial pressure' from reduced flying activity, working capital constraints, and escalating fuel costs. The company has ceased trading, and redundancies are being made while administrators engage with customers, suppliers, and creditors.