Air Belgium’s cargo division has officially been transferred to CMA CGM Group, a global logistics leader in sea, land, air, and integrated supply chain services. The move, approved by the Business Court of Walloon Brabant in March 2025, was finalized following the issuance of new Belgian operating licenses by the Belgian Civil Aviation Authority (BCAA).
Korea Express Air, a South Korean regional airline, is anticipated to be put up for sale as it navigates ongoing management and financial difficulties. The carrier has been under corporate rehabilitation procedures since October 2024, and its stakeholders are now considering strategic options, including a full sale, to stabilize the business.
Spirit Airlines (US) is expected to have its Cayman Islands subsidiaries file for bankruptcy as part of the parent company’s ongoing Chapter 11 case. The four units, which own specific intellectual property (IP), will join the restructuring process to streamline the airline’s financial and operational strategies.
Asiana Airlines (South Korea) faced legal opposition from its pilots’ union regarding the proposed sale of Asiana Cargo, a key business unit of the airline. The pilots’ union filed an injunction to halt the sale, citing concerns over operational stability and workforce implications. However, the South Korean courts have rejected the injunction, allowing the sale process to proceed.
