European Cargo entered administration on 3 June 2026, ceasing all operations and grounding its unique fleet of seven Airbus A340-600 converted freighters. The UK’s sole operator of this four-engine widebody model faced unsustainable costs from fuel-intensive Rolls-Royce Trent 500 engines, one-way China-UK e-commerce economics, and diminished post-pandemic cargo demand. Joint administrators Stuart Morris, Robert Fishman, and David Soden of Teneo Financial Advisory Limited now manage the company’s affairs, business, and assets. The airline terminated 178 positions, with last flights conducted on 19 May 2026. The future of the parked A340-600s remains uncertain; while Trent 500 engines are valuable assets, the converted airframes have limited secondary market appeal and may be parted out or sold to specialist buyers.