Belgium Court approves Air Belgium cargo business sale to Peso and Air One
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Background ✨
Air Belgium had been undergoing a judicial reorganisation process initiated in Sep-2023, which concluded on 23-Sep-2024, aiming to ensure operational continuity and job preservation by transferring activities to interested investors1. The carrier received an EUR800,000 offer for its cargo operations from a consortium of Air One International Holdings and Peso Aviation Management, subject to regulatory approvals2. The commercial court of Walloon Brabant officially ended the reorganisation procedure1.