Friday September 18, 2020

Cargo airline wound up with €3.1m debts

Aer Turas, the Irish cargo airline, which went into receivership 19 months ago, has been placed into liquidation with debts of more than €3.1 million.

25th December, 2004

Aer Turas, the Irish cargo airline, which went into receivership 19 months ago, has been placed into liquidation with debts of more than €3.1 million.

The airline, which was established over 40 years ago, was wound up at a meeting of the firm's creditors earlier this week. A liquidator was appointed at the meeting.

It is understood that the majority of the firm's creditors will not be repaid any of their debts, as most of its assets...

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