Aeroflot Cargo has been declared bankrupt after a ruling by the arbitration court of the Moscow region, completing a process that was begun in June last year when the shareholders of Aeroflot Cargo approved the decision to file for bankruptcy with the carrier’s losses estimated at US$140 million. The carrier’s operating licence was suspended in November.

Operations have now been rolledback into the control of parent company Aeroflot Russian Airlines and the company’s three MD-11F freighters and its staff have joined a new cargo department, led by Olef Korolev, former CEO of Aeroflot Cargo.