Air freight shipping company, Roadfeeders, on brink of bankruptcy, jeopardising salmon exports

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Norwegian private owned air freight handling company told customers today that they will cease to trade.

“We are now trying to make the best possible arrangements for the employees and their customers. Hopefully, someone will come in and take over, “said Lene Mellum, Managing Director of Roadfeeders, to E24.

The freight company handles large portions of salmon sent in and out of Oslo Airport. The company counts over 80 major carriers as its customers including Norwegian Airlines, Turkish Airlines, Thai Airways, Japan Airlines, KLM and Air France.

The story has been widely reported in Norwegian media due to the importance of its billion dollar salmon export trade.

According to Lene Mellum, the company has not yet announced the official news but said that it will happen.

“We are now working on looking at what solutions exist,” she says.

Communications Manager at Avinor, Gurli Høeg Ulverud, said he was unsure of the consequences the bankruptcy will have for air traffic. “We are following the process closely and feeling with the employees in the situation that has now arisen. However, it is too early to say whether this has any major consequences for cargo handling at Oslo Airport,” said Mr Ulverud.

Around 100 employees are at risk of losing their jobs.

The companies public accounts and records for 2016 showed that the company had a turnover of almost EUR 13.4 million. While the operating profit from that year ended at minus EUR 1,1 million.

The company is owned by investor Jan-Erik Warbo (53.63 per cent), while the remaining percentage is shared by siblings, Lene and Lars Inge Mellum as well as their mother.