Autumn 2024 will be an interesting time for Air Belgium. Restructuring, etc.

[Stratofreighter]

https://www.aviation24.be/airlines/air- ... osed-plan/

Air Belgium engages in judicial reorganisation: creditors to vote on proposed plan
21 August 2024

Air Belgium is currently undergoing a Judicial Reorganisation Procedure (JRP)
aimed at restructuring its debts and obligations to avoid insolvency.

The airline has submitted a reorganisation plan,
which is now pending approval by its creditors, including passengers affected by flight cancellations.

Creditors are now being asked to vote on the plan,
with the outcome of the vote scheduled to be announced after a hearing on September 4, 2024.

However, if the plan is rejected,
Air Belgium may not be able to proceed with the reorganisation,
potentially leading to more severe financial consequences for the company and its creditors.

Conclusion
Air Belgium’s reorganisation plan is a crucial step in the airline’s efforts to overcome its current financial challenges.

The outcome of the upcoming vote will determine
whether the company can move forward with its proposed strategy to repay its debts and continue operations.

...more thru
https://www.aviation24.be/airlines/air- ... osed-plan/
/
https://www.aviation24.be/category/airl ... r-belgium/

....Air Belgium is fighting for survival...

[Stratofreighter]

https://www.ch-aviation.com/news/144767 ... ium-report

New investor offers to buy 100% of Air Belgium - report

And also:
https://www.aviation24.be/airlines/air- ... ind-buyer/

Air Belgium founder steps down, legal process underway to find buyer

https://simpleflying.com/thread/what-wi ... r-belgium/
/
https://onemileatatime.com/news/air-belgium-bankruptcy/

https://businessam.be/luchtvaartmaatsch ... iale-week/
/
https://archive.ph/i9z3D

[JetStar2]

unfortunately most of these links are paywalls...

[Stratofreighter]

https://www.aviation24.be/airlines/air- ... ur-months/

Air Belgium, under judicial liquidation, must find a buyer within four months

Air Belgium, which had been under judicial reorganisation since September 2023,
was placed under judicial liquidation with asset transfer by the Walloon Brabant Business Court on 19 September 2024.

This decision marks the end of the judicial reorganisation process,
with a court-appointed administrator tasked with transferring the company’s assets to potential investors.

Air Belgium has been given a four-month period to find a buyer,
though the company’s management hopes to secure a deal within a month and a half.

Air Belgium’s assets, including three Airbus A330 planes and one Boeing 747-8, as well as its remaining operations, are now up for sale.

...also see
https://www.ch-aviation.com/news/144968 ... eeks-buyer