Air Belgium (KF, Brussels Charleroi) has transitioned from judicial reorganisation to judicial supervision called a “transfer of undertaking under judicial authority” under a new Belgian law which will see the creation of an unencumbered newco and the eventual liquidation or termination of the old company, founder and CEO Niky Terzakis has confirmed to ch-aviation.

The new legal status was validated by the Business Court of Walloon Brabant in Belgium on September 19, 2024. Meanwhile, the company will continue to…

Source: ch aviation
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