US EditionCMA CGM turns out to be the last hope for Air Belgium's survival
3 Articles
3 Articles
The logistics giant takes over the small company placed under judicial control, as well as 186 people (out of 401). Air Belgium was no longer "cargo" with four aircraft, since the abandonment of passenger transport in 2023.
21:58 The Nivelles commercial court approves the takeover of Air Belgium by French logistics giant CMA CGM. April 20 is the new deadline for the ailing airline.
CMA CGM turns out to be the last hope for Air Belgium's survival
According to the court-appointed administrator, the bid from French logistics and shipping giant CMA CGM is “the only possibility to save Air Belgium.” The struggling airline has until April 20 to secure a viable future. Air Belgium has been under judicial reorganization since late September. The Nivelles Business Court reviewed the complex legal situation surrounding […]
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