Kent Airport freight airline goes bust
14.06.08
A freight airline that operates flights from Kent International Airport has gone into administration.
MK Airlines has suspended its programme and is now seeking investment to get back in the sky. The company lists financial difficulties and the high cost of aviation fuel as principle factors in its collapse.
Administrators were appointed on Tuesday. A spokesman said: ‘For several months MK Airlines has been in discussion with several interested parties about potential investments in the business to refinance and to reposition the airline with more efficient aircraft.'
‘These talks have taken place in what is clearly a difficult economic climate, during which time the airline – like all others – has had to cut costs and restructure its operations because of the extraordinarily high cost of fuel.’
The airline has temporarily suspended services but keeps its Civil Aviation Authority Airport Operator Certificate. All other operations have been maintained with a view to achieving a rescue of the company.
Matt Clarke, chief executive of Kent International Airport, said: ‘It’s never good to hear news like this about an airline customer – however, it is encouraging that the administrators, along with MK management, continue to sound out potential investors with a view to getting the company back up and running.’
‘MK are not the first and nor will they be the last airline to suffer in what is a hugely challenging worldwide aviation environment at present – however, the long-term success of the airport is not dependant on one operator.'
‘We are involved in ongoing discussions with a number of potential customers and remain confident in the airport’s ability to become a successful operator of passenger and freight services.’
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