Europe

Regional Airline VLM Airlines Goes Into Liquidation

VLM Airlines Fokker 50
Fokker 50 | VLM Airlines

SHS Aviation, the majority shareholder of VLM Airlines , decided at an extraordinary general assembly to dissolve the Belgian airline and to liquidate it.

Earlier this month it was announced that VLM would discontinue the connections to Aberdeen, Birmingham, Cologne-Bonn, Maribor, Munich and Rostock and that VLM would henceforth focus on business charter flights and the Antwerp-London City Airport and Antwerp-Zurich routes. Also the scheduled flights from Antwerp to London City and Zurich are now cancelled.

The settlement takes effect immediately. Youri Steverlynck and Birgitta Van Itterbeek (Monard Law) were appointed as liquidators. They are responsible for the contacts with potential buyers.

SHS Antwerp Aviation N.V. is a subsidiary of the Dutch investment company SHS Aviation B.V., which is owned 60% by Dutch investors and 40% by Chinese investors. SHS Antwerp Aviation N.V. is developing airline activities under the trading name ‘VLM’. VLM employs 85 people.

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