French logistics powerhouse CMA CGM has thrown its hat in the ring to acquire Air Belgium’s cargo operations, marking a significant move in the ongoing battle for control of the airline’s freight business.
The bid was officially submitted to the Walloon Brabant Business Court, with a hearing scheduled for March 27. This comes just weeks after the Nivelles Business Court blocked Air One Belgium’s attempt to take over the same operations, a decision that has since been appealed and is set for review on April 3 before the Brussels Court of Appeal.
CMA CGM Steps into the Arena
CMA CGM, a dominant force in maritime logistics, is no stranger to the air freight sector. The company previously partnered with Air Belgium, leveraging the airline’s cargo capabilities to support its expanding logistics footprint. Now, it aims to take full control of the struggling carrier’s cargo operations.
CMA CGM’s offer is focused exclusively on the cargo division. The deal reportedly includes Air Belgium’s fleet of four aircraft and the retention of the airline’s brand name.
The Battle for Air Belgium’s Future
Air Belgium’s cargo operations have been in limbo since the company filed for court protection last year. On March 6, the Nivelles Business Court struck down Air One Belgium’s bid to take over the airline, citing undisclosed concerns. In response, Air One Belgium lodged an appeal, arguing that its plan to retain 197 out of 401 employees and shift operations to Brussels Airport was a viable rescue strategy.
With CMA CGM now entering the fray, the court’s upcoming decisions will determine the next chapter for Air Belgium’s cargo division. Industry insiders are closely watching whether the French shipping giant’s bid will gain traction, particularly as it seeks to expand its footprint beyond ocean freight and further establish itself in the air cargo sector.
Potentially paving the way for CMA CGM to move forward with its acquisition, the March 27 hearing will be a pivotal moment. Air One Belgium’s appeal remains a wildcard, with a ruling expected on April 3. Until then, uncertainty lingers over the fate of Air Belgium’s cargo operations, leaving employees, partners, and industry observers waiting for clarity.
Source:Aviation24.be
