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https://www-pilootenvliegtuig-nl.transl ... r_pto=wapp
https://www.aviation24.be/airlines/air- ... d-freight/Air Belgium will stop offering scheduled services after October 3, 2023.
According to the Belgian airline, these cannot be obtained profitably.
AIr Belgium, which has been operational since 2018,
currently flies with two A330-200s
and since October 2021 with two factory-new A330-900neos.
The company currently only flies to Africa, to popular tourist destinations such as Mauritius and South Africa.
Air Belgium Cargo's fleet includes three Boeing 747-800F, an A330-200F and an A330-200 P2F .
Air Belgium is cancelling all scheduled passenger flights to focus on ACMI and freight
Following a series of external events that have weakened the company in recent years
(COVID, the war in Ukraine, soaring fuel prices, inflation and falling consumer purchasing power),
and in view of the current instability of the socio-economic and geopolitical environment,
Air Belgium’s Board of Directors – which met today –
has decided to review the company’s development strategy.
It wishes to concentrate henceforth
on its two growth-generating B-to-B activities,
namely cargo and ACMI (leasing between airlines) for passenger and cargo flights,
and to discontinue its own Passenger business (flights to Mauritius and South Africa),
which in the face of increased competition is proving to be chronically unprofitable to date.
In order to address its current debt and return to profitability,
Air Belgium’s Board of Directors has filed for judicial reorganisation by way of an amicable agreement.
AN ACCUMULATION OF EXTERNAL EVENTS
The aviation sector has gone through numerous disruptions over the last three years
that have severely impacted the profitability of passenger operations for airlines,
and Air Belgium is unfortunately no exception.
IMPLICATION FOR PASSENGER FLIGHTS
Flights scheduled before 3 October 2023
will be operated and return flights would be handled by Air Belgium, either directly or through other airlines.
Flights scheduled after 3 October and already paid for by passengers
would be cancelled and would be reimbursed
as a matter of priority in the scope of the proceedings.