France-based global logistics leader CMA CGM has officially submitted a bid to acquire the cargo operations of Air Belgium. A court ruling on the proposed acquisition is expected by 27 March 2025.
Air Belgium, facing prolonged financial difficulties, has restructured its operations by transitioning to Air One Belgium, a move that emphasizes cargo services over passenger flights. This strategic shift has led to the exclusion of cabin crew from the new operational framework, resulting in the loss of nearly 130 jobs. In late 2024, a consortium comprising the Dutch PESO…
Air Belgium is set to further expand its cargo operations with the addition of two Boeing 747-400 freighters (B747-400Fs). This move comes following a recent acquisition, underscoring the airline’s commitment to strengthening its cargo capacity and enhancing its operational reach.
The Nivelles enterprise court has approved the takeover of Air Belgium by Peso Aviation Management (Netherlands) and Air One Holding International (UK). The new ownership marks a significant shift for the Belgian carrier, which will now focus exclusively on cargo operations. The restructuring will also see the workforce reduced from 401 employees to 197, reflecting the streamlined focus on cargo services.
Air Belgium has confirmed receiving a bid from a single investor by the November 15, 2025 deadline. The bid is reportedly focused on acquiring either the passenger or cargo division of the carrier. The airline now has until December 5, 2024, to either accept or reject the offer.
Azul Brazilian Airlines has announced its decision to forgo the delivery of two Airbus A330neo aircraft, which were previously in operation with Air Belgium. The move signals a strategic adjustment in Azul’s fleet planning to align with its operational needs and market conditions.
Air Belgium has announced that any offers to acquire part or all of its operations must be submitted by November 15, 2024. The airline, seeking stability amid strategic restructuring, aims to secure “solid and irrevocable” bids from interested parties. This deadline marks a significant step in Air Belgium’s plan to evaluate its operational future through potential new ownership, whether…
Air Belgium is currently in discussions with five potential investors as it seeks financial support to strengthen its operations. Among these, three investors have shown significant interest, yet none are inclined to acquire both the cargo and passenger units of the airline. This situation places Air Belgium in a unique position, as it will need to assess whether…
After a one-year ACMI (Aircraft, Crew, Maintenance, and Insurance) agreement, Air Belgium and LOT Polish Airlines have ended their collaboration involving an Airbus A330neo. This aircraft, serial number 1844, was based in Warsaw under Air Belgium’s operation for LOT’s long-haul services. Following this transition, the A330neo is slated for redelivery to its lessor, Air Lease…
Air Belgium, currently in receivership, may soon see a revival with serious interest from 16 potential buyers, as confirmed by Bernard Vanham, the appointed liquidation manager. According to CEO Niky Terzakis, four key candidates are expected to submit offers by November 1, 2024. Among these, three are prominent global airlines operating in both passenger and…
