Air Belgium‘s future remains uncertain despite an eleventh-hour non-binding takeover bid from private investors that still falls short of the EUR18 million euros (USD19.9 million) required for the airline’s reorganisation plan to succeed.

Belgian business newspaper L’Echo reports that the unidentified bidders propose to buy 75% of the airline for EUR6 million (USD6.6 million), subject to the Walloon regional government (which owns 35% of the airline) injecting an additional EUR10 million (USD11.1 million). According to L’Echo, the…

Source: ch aviation
Read more: Air Belgium's future uncertain as takeover bid falls short