European Aviation (Lessor) is close to reacquiring UK freighter operator European Cargo (URO, Bournemouth), which entered administration in June 2026, Sky News reports. The company, controlled by former Formula One team owner Paul Stoddart, is reportedly expected to announce a rescue deal soon.
European Aviation (Lessor) is close to reacquiring UK freighter operator European Cargo (URO, Bournemouth), which entered administration in June 2026, Sky News reports.
The company, controlled by former Formula One team owner Paul Stoddart, is reportedly expected to announce a rescue deal soon.
Stoddart sold a 49% stake in European Cargo in 2022 and the remaining 51% in 2024, leaving Priority 1 Logistics, part of Priority 1 Group, as the airline's sole shareholder, which later went into...
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European Aviation (Lessor) is close to reacquiring UK freighter operator European Cargo (URO, Bournemouth), which entered administration in June 2026, Sky News reports. The company, controlled by former Formula One team owner Paul Stoddart, is reportedly expected to announce a rescue deal soon. Stoddart sold a 49% stake in European Cargo in 2022 and the remaining 51% in 2024, leaving Priority 1 Logistics, part of Priority 1 Group, as the airline's sole shareholder, which later went into...
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