New U.S. Investor for Air Cargo Germany?

Air Cargo Germany, which suspended operations April 18, has received interest from an unidentified American investor, several German media outlets have confirmed. The carrier declared insolvency the same month.

Air Cargo Germany CEO Michael Schaecher said in an earlier statement that management and shareholders want to restructure the company and restore operations.

Two of its four grounded Boeing 747-400SFs have been transferred from Frankfurt to Hahn Airport for maintenance—a possible sign it is renewing flights. The two aircraft, leased from Iceland-based Avion Aircraft Trading, had been parked at the deicing area close to runway West in Frankfurt. The other two aircraft have been returned to owner Martinair.

It is unclear if negotiations with current single major shareholder Air Bridge Cargo, a Volga-Dnepr Airlines subsidiary, will be successful.

Air Cargo Germany could not immediately be reached for comment.

(Kurt Hofmann - ATWOnline News)