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and alsoAir Belgium (KF, Brussels Charleroi)
has been given another four months
to reach an agreement with its creditors under its process of court-led restructuring
(Procédure de Réorganisation Judiciaire - PRJ),
the company said in an internal document to its employees seen by local media.
When Nivelles Commercial Court near Brussels approved Air Belgium’s request to initiate judicial restructuring last September, it gave the airline four months, until 22 January 2024,
to submit a new business plan.
Creditors, including 11,000 passengers awaiting refunds, must now wait until 13 May 2024 for news on any redress.
“We are progressing well under [the PRJ] but we need to continue,” said the document dated early January 2024,
adding that it had concluded agreements with a majority of creditors
and had so far managed to reduce its debt by EUR3 million euros (USD3.3 million).
https://simpleflying.com/air-belgium-re ... ne-issues/
Air Belgium To Retire Its Airbus A330neo Aircraft
One of Air Belgium's A330neos has been grounded since August 2023.
Air Belgium plans to retire its fleet of two Airbus A330neo aircraft.
The airline faces operational constraints and financial difficulties, with debts and delayed passenger refunds.
Sichuan Airlines' parent company may no longer be investing in Air Belgium.
Now, it has emerged that the airline is facing operational constraints with both its Airbus A330neo fleet and its employees, according to a report by L-Post.
Airbus A330neo troubles
Air Belgium is reportedly planning to retire its Airbus A330neo fleet. The airline has two examples in service, comprising OO-ABF and OO-ABG.
OO-ABF has been grounded in Brussels since an incident occurred back last summer. On August 21, 2023, the aircraft was en route from Brussels to Johannesburg but had to divert back to the Belgian capital due to a hydraulic pump failure in flight.