China's Uni-Top Airlines mothballs freighter fleet
SHENZHEN-HEADQUARTERED Uni-Top Airlines has put its fleet into storage in the face of tough market conditions, according to reports circulating in the Chinese press
SHENZHEN-HEADQUARTERED Uni-Top Airlines has put its fleet into storage in the face of tough market conditions, according to reports circulating in the Chinese press.
A Yicai report suggests that the Wuhan-based carrier is seeking a restructuring and has been struggling to pay staff.
Indeed, fleet data from Cirium shows the airline's eight freighters - one B747-400F and seven A300-600Fs - have all been placed into storage, reports London's Air Cargo News.
The carrier had until very recently been looking to expand its services. At the start of the year it added a B747F flight to Luxembourg three times per week. It also offered a freighter service to Liege, while the A300s were utilised on regional and domestic freighter services.
The carrier had also applied to launch freighter operations to the US.
The Yicai report points to the downturn in the air cargo market as the reason behind the airline's financial difficulties.