Europe

SHS Aviation (VLM Airlines) Acquires the Remaining Part of Thomas Cook Airlines Belgium

SHS Aviation - Thomas Cook Airlines Belgium A320
Airbus A320-214 'OO-TCW' | Alan Wilson CC BY-SA 2.0

Thomas Cook announced in March this year the initiation of a consultation process for 40remaining ground staff employees of TCAB as part of an intended partnership between the tour operator Thomas Cook Belgium and Brussels Airlines where all crew and two aircraft are to be transferred to Brussels Airlines.

The successful resolution to mitigate any ground staff redundancies is confirmed today in the acquisition of TCAB by SHS Aviation. Today, TCAB informed its employee representation of its intention to stop the collective consultation process.

Jean-Christophe Degen, Managing Director of Thomas Cook Airlines Belgium, said: “Today’s announcement is great news for our colleagues at TCAB. I’m very pleased that thanks to the agreement with SHS Aviation, we are able to safeguard the roles of all our ground staff employees.”

“Today’s announcement is great news for our colleagues at TCAB. I’m very pleased that thanks to the agreement with SHS Aviation, we are able to safeguard the roles of all our ground staff employees.”

Harm Prins, Chief Executive Officer of SHS Aviation, said:

“We are delighted to be able to acquire TCAB and to start working with its experienced staff members. Together we will write a new, exciting chapter in Belgian aviation. Although the acquisition of TCAB is bringing us closer to the implementation of our business plan, the application procedure with the Belgian Ministry of Mobility for a Belgian Fokker 50 AOC remains ongoing.”

SHS Antwerp Aviation and VLM Airlines will commence joint scheduled flights later this year under the common trading name ‘VLM Airlines’. Details regarding the number of aircraft to be used, planned routes and timetables will be announced at a later stage.

The acquisition deal will be closed upon completion of the extended partnership agreement between tour operator Thomas Cook Belgium and Brussels Airlines, which is planned for the end of October 2017.

Opt In Image
GET MORE STUFF LIKE THIS IN YOUR INBOX
Subscribe to our mailing list and get interesting stuff and updates to your email inbox

we respect your privacy and take protecting it seriously


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top