US EditionAir Belgium cargo sale falls flat
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Air Belgium cargo sale falls flat
Plans by UK cargo firm Air One International Holdings and Dutch company Peso Aviation Management to acquire Air Belgium’s cargo business have fallen apart after a court revoked the takeover process. Air One and Peso gained court approval for their proposed takeover of struggling Air Belgium’s cargo business in December, however, according to media reports, the Nivelles enterprise court revoked the acquisition process on 6 March. The next step in…
Air Belgium takeover off the table: Terzakis given three weeks to find new money
The Nivelles Commercial Court has reversed the takeover of Air Belgium by a British-Dutch consortium. Air Belgium founder Niky Terzakis has been given another three weeks to find a new financier.
·Belgium
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