In recent days, various Belgian media have reported an imminent disappearance of Air Belgium. The company’s cash would run out and if ten million euros were not disbursed by the shareholders by the end of the year, the story would be over.
Not true, says Terzakis to Belga. “This voice hurts us. It has been reported for five years that Air Belgium is nearly bankrupt when we look for funds,” said the chief executive, who found the report “boring and exhausting.
Depth investment
Niky Terzakis adds that he is looking for a figure much higher than ten million euros, not for survival, but for deep investments. Air Belgium announced last week that it would suspend flights to the Caribbean, including Curaçao and Aruba.
However, according to the CEO, the airline will open new routes; in the interview he does not mention any destinations. Since September, the Belgian carrier has also been flying to South Africa (Johannesburg and Cape Town) and this will not change.
Terzakis says Air Belgium is in investment talks with the biggest shareholders: China’s Hongyuan Group (49%), two Walloon government institutions and a Belgian federal private equity firm, which together hold a 45% stake. The airline will make new announcements on the matter soon, according to the CEO.
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