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European Cargo and A340 Fleet for Sale

June 3, 2026

2 min read

Key Takeaways

European Cargo and A340 fleet are up for sale.
15 A340-600s and -500s are part of the package.
Aircraft are in flight-ready or long-term storage.
Substantial engine inventory and Part-145 maintenance approval are available.

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Strategic Implications

This sale may indicate a shift in the European cargo market, with potential buyers able to acquire a long-haul cargo platform and pursue new strategic opportunities. The availability of a substantial engine inventory and maintenance approval could make the package more attractive to buyers, which suggests a competitive sale process.

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What Happened

Administrators Launch Joint Sales Process for UK Freight Carrier

Administrators have formally launched a joint sales process for UK freight carrier European Cargo and the aircraft fleet of Priority 1 Group, which includes 15 Airbus A340-600s and -500s. The package offers a long-haul cargo platform with a UK air operator’s certificate and supporting regulatory functions, as well as a substantial engine inventory and Part-145 maintenance approval. Prospective buyers may be interested in launching a new freight airline, rebuilding European Cargo, or taking advantage of maintenance activities. The sale was first reported by FlightGlobal.

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