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Court approves Air Belgium takeover

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 ... [+]

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