On February 22, 2022, European Cargo Limited ("ECL") closed a significant minority equity investment by Priority 1 Logistics Holdings LLC, a newly-formed subsidiary of U.S.-based, Priority 1 Holdings LLC ("Priority 1").  Proceeds of the investment will be used to eliminate third-party debt, convert EAL's A340 fleet to full cargo freighters, acquire additional aircraft, complete heavy maintenance checks and for shareholder dividends.

European Aviation Group, founded in 1989 by Paul Stoddart, includes ECL, which operates a unique fleet of iconic Airbus A340 long-haul aircraft. Offering fast and friendly service, European Cargo has helped to establish England's historic Bournemouth International Airport as a reliable, cost-effective, and strategic air freight hub.

European Cargo Limited Announces Investment To Accelerate Growth

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European Cargo Limited Announces Investment To Accelerate Growth

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