Cello Aviation ceases trading
Birmingham-based Cello Aviation has ceased trading.
The company operated VIP charters and had a small fleet including two aircraft that were operated on behalf of French regional carrier Hop,
It is owned by Gill Group, a Birmingham-based company with a diverse range of interests in in civil engineering, insurance brokerage and aggregrates.
Cello said it ceased trading on October 12,
According to Flightglobal.com, the carrier’s last filed full-year financial statement, to the end of March 2017, shows 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, and previous accounts noted the company owed an increasing sum – more than £6.6 million – to its parent company, Flightglobal.com added.
The company said it regretted ceasing trading and apologised for inconveniencing customers and suppliers.
Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
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