Air One Belgium reaffirms commitment to Air Belgium Cargo acquisition
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Background ✨
The Nivelles enterprise court recently revoked the acquisition process of Air Belgium's cargo business by Peso Aviation Management and Air One International Holdings due to delays in administrative procedures1. Initially, the Business Court of Walloon Brabant had approved the acquisition, which required further licensing from Belgian authorities2. Air Belgium had received an EUR800,000 offer from a consortium led by Air One International Holdings and Peso Aviation Management to acquire its cargo operations, contingent on regulatory approvals3.