By Eva Richardson – March 10, 2025
Plans for the acquisition of Air Belgium’s cargo division have unraveled after a Belgian court revoked the takeover process, marking a significant setback for the struggling airline. The deal, initially backed by UK-based Air One International Holdings and Dutch firm Peso Aviation Management, was halted by the Nivelles enterprise court on March 6.
Legal Reversal Derails Rescue Efforts
Air One and Peso had secured court approval in December 2024 to acquire Air Belgium’s cargo business, aiming to revitalize operations and stabilize the company’s financial position. However, reports indicate that legal complications led to the court’s decision to revoke the transaction, leaving Air Belgium’s future in limbo.
The planned acquisition was expected to provide much-needed liquidity and operational support, ensuring the continuity of cargo flights. Without a new buyer or restructuring plan, industry experts warn that Air Belgium’s cargo division may face further financial difficulties, raising concerns about its long-term viability.
Uncertainty for the Cargo Market
The collapse of the deal comes at a time when global air cargo demand is gradually recovering, with increased competition among airlines for market share. The inability to secure a stable acquisition partner leaves Air Belgium at a disadvantage, potentially forcing the company to explore alternative restructuring measures or partnerships.
Market analysts are closely monitoring the situation as Air Belgium’s cargo division navigates an uncertain future. The failure of this sale underscores the complexities of airline acquisitions in an evolving economic landscape.
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