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Court approves Air Belgium takeover

[ December 13, 2024   //   ]

The Business Court of Walloon Brabant has approved Peso Aviation Management and Air One International Holdings (AOIH) acquisition of Air Belgium’s cargo business.

Through its new Belgian affiliate, Air One Belgium – owned 51% by Peter Scholten and 49% by AOIH – the company is now set to acquire Air Belgium’s cargo business assets, contracts, and essential personnel.

Peter Scholten commented: “Together, we now have an opportunity to preserve jobs, strengthen Belgium’s aviation landscape, and build a future-ready cargo operation that benefits customers, our employees and communities alike. This marks the beginning of an exciting new chapter for everyone involved.”

The next step will be to secure operating and aviation licences from the Belgian aviation authorities. Once completed, Air One Belgium will integrate two additional B747-400F aircraft into Air Belgium’s fleet, which currently consists of two B747-8F and two A330-200F aircraft. 

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