[2] From the beginning, ACG had strong ties to Russian entrepreneurs, as much of the initial funding was provided by Rashid Mursekaev, a co-founder of VIM Airlines, and the business administration comprised a number of former Aeroflot-Cargo managers.
[3] According to EU regulations, airlines are required to provide evidence that they have sufficient financial resources for the next 12-month period.
As the legal maximum of ACG's shares (49 percent) were already owned by Russian (that is, non-EU) companies, the only possibility to acquire the needed equity funding would have been to find an investor from an EU member state.
According to analysts, the initial suspension of its operations had led to Air Cargo Germany losing most of its freight transport contracts, which was further hampering any efforts to regain the necessary market trust.
[1] On 4 September 2013, it was reported that all 120 employees had been dismissed, bringing an end to the history of Air Cargo Germany.