7 JANUARY 2019

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Article from BTNews 7 JANUARY 2019

VLM files for bankruptcy

The last of a family of carriers with similar branding, VLM Airlines (Brussels), filed for bankruptcy last month after going into liquidation at the end of August. Some 80 staff have lost their jobs.

The airline, based at Brussels National Airport and bearing a brand that was once a familiar sight at London City Airport, said: “We did a good job in the summer, but we could not secure enough contracts to survive the winter."

A Brussels commercial court has appointed three administrators to oversee the bankruptcy. The company was founded when Sino-Dutch firm SHS Aviation BV acquired the operating licences of Thomas Cook Airlines Belgium in 2017.

It was then sold to Dutch investors last February but its only aircraft, an Airbus A321-200, was returned to its lessor on 8 December.

VLM Airlines (Brussels) was the last of the VLM-branded carriers to cease operations after SHS Aviation BV’s VLM Airlines (Antwerp) and VLM Airlines (Slovenia) went into liquidation last September and November respectively.

www.flyvlm.com

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