Start-Ups VLM Airlines enters liquidation

  • VLMAirlines

VLM Airlines has announced that it has ceased operations due to financial difficulties.

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Majority shareholder SHS Aviation decided during a general assembly to dissolve the Belgian airline VLM and to liquidate it.

In a statement, the airline wrote, that Youri Steverlynck and Birgitta Van Itterbeek were appointed as liquidators. VLM now hopes to get into talks with customers over the sale of the business or potential buyers. Further steps and information about the airline´s future are yet to be announced.

All flights have now been suspended.

Earlier in August, the carrier had to announce the discontinuation of the routes to Aberdeen, Birmingham, Cologne, Maribor, Munich and Rostock. It furthermore stated, that it would concentrate on strong business route between Antwerp and London City, as well as on the Antwerp – Zurich route. Both destinations will not be served anymore.

Moreover, VLM said in August that it will shift its interest on private, charter and ACMI flights. The carrier even planned to deliver one Fokker F50 aircraft with crew to The Aviation Factory, a company specialized in customized air transport in the Benelux.

VLM was a Belgian airline that offered scheduled, charter and ACMI services. Headquarters were in Antwerp. As of August 31, 2018, VLM grounded its fleet of seven aircraft including an Airbus A320 and several Fokker F50 turboprop aircraft. VLM still employs 85 people.

VLM was included in the company SHS Antwerp Aviation N.V., which is a subsidiary of Dutch investment company SHS Aviation B.V.

Source © flyvlm.com

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