UK carrier Cello Aviation has ceased trading with immediate effect.
The company was based at Birmingham and, according to the UK Civil Aviation Authority, operated a small fleet including a Boeing 737-300 and a BAE Systems Avro RJ100.
Flight Fleets Analyzer lists the RJ100 (G-ILLR) as having been operating on behalf of French regional carrier Hop.
The 737 (G-MISG) had also been serving Hop routes over the last few days, before returning to Birmingham on 11 October.
Cello Aviation says that “with great regret” it ceased trading on 12 October.
“We apologise for any inconvenience this may cause our customers and suppliers,” it adds.
Cello Aviation is owned by Birmingham-based Gill Group, a diverse company with interests in the civil engineering, insurance brokerage, and aggregates industries.
The carrier’s last filed full-year financial statement, to the end of March 2017, show that it made an operating loss of nearly £302,000 on a turnover of nearly £8 million. Its loss for the previous year was £961,000.
Its previous full-year accounts noted that the company owed an increasing sum – more than £6.6 million – to its parent company.
Cello Aviation’s independent auditor had highlighted the financial support provided by its holding company, pointing out that the carrier’s ability to continue as a going concern was “dependent upon this support”.
Source: Cirium Dashboard
