Air 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 January 22, to submit a new business plan. Creditors, including…

Source: ch aviation
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