ACG Air Cargo Germany GmbH declares insolvency
After the temporary suspension of the Operating Licence for Air Cargo Germany, the management and shareholders of ACG unanimously decided to declare insolvency.
Through the insolvency proceeding both management and shareholders envision to create an opportunity to restructure the company and restore operational activities. All options will be taken into account.
ACG Air Cargo Germany GmbH is a Germany cargo carrier based at Frankfurt-Hahn Airport. Specialized in global airfreight transports ACG operates a fleet of four Boeing 747-400SF. ACG has temporarily interrupted its flight operations as per April 18th 2013.