As expected Nordic Global Airlines (NGA), an air cargo company owned for 40 percent by Finnair, will cease all operations. The management decided to stop the company officially on 31 May 2015, five months after flying operations with its four McDonnell Douglas MD-11Fs ended.
Since 2011 Finnair leased the NGA’s cargo capacity, but with Airbus A350 aircraft coming into service with the Scandinavian airliner the in-house cargo capacity increases while the demand for air cargo has been diminishing over the last couple of years.
The remaining shareholders of NGA (Neff Capital Management LLC, Daken Capital Partners LLC and Ilmarinen) see no future for NGA anymore. We at Airheadsfly.com have at the moment no clear picture of where the four retired MD-11s are, but hopefully they will get a new life somewhere else.
© 2015 Airheadsfly.com editor Marcel Burger
Featured image: A Nordic Global Airlines McDonnell Douglas MD-11F landing at Novosibirsk Tolmachevo Airport in 2013 (Image (CC) Alex Polezhav)