Air Belgium in 2018

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Darjeeling
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Re: Air Belgium in 2018

Post by Darjeeling »

The airline could be dissolved as from tonight according to the press and some insiders of SoWaer:

http://www.lalibre.be/economie/libre-en ... d2f62fe2b0

"net assets are reduced to less than half of its capital..."

Not a good sign. 4 aircrafts was way too big to start with unreliable Chinese partners.

They won't make 2019.

Passenger
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Re: Air Belgium in 2018

Post by Passenger »

So basicly, the meeting is just standard implementation of Article 633 from the Belgian company legislation (Wetboek van Vennootschappen). When the Board decides to remain in business, the Board has to advise formally which measures will be taken to make the company financially healthy.

(just two examples: see that post from yesterday = the signing of an agreement with that Chinese trade association could be such measure. Or they could decide to lower their lease costs by returning one of the four aircraft).

- - -

Art. 633. Wanneer ten gevolge van geleden verlies het netto-actief gedaald is tot minder dan de helft van het maatschappelijk kapitaal, moet de algemene vergadering, behoudens strengere bepalingen in de statuten, bijeenkomen binnen een termijn van ten hoogste twee maanden nadat het verlies is vastgesteld of krachtens wettelijke of statutaire bepalingen had moeten worden vastgesteld om, in voorkomend geval, volgens de regels die voor een statutenwijziging zijn gesteld, te beraadslagen en te besluiten over de ontbinding van de vennootschap en eventueel over andere in de agenda aangekondigde maatregelen.
De raad van bestuur verantwoordt zijn voorstellen in een bijzonder verslag dat vijftien dagen voor de algemene vergadering op de zetel van de vennootschap ter beschikking van de aandeelhouders wordt gesteld. Indien de raad van bestuur voorstelt de activiteit voort te zetten, geeft hij in het verslag een uiteenzetting van de maatregelen die hij overweegt te nemen tot herstel van de financiële toestand van de vennootschap. Dat verslag wordt in de agenda vermeld. Een exemplaar kan worden verkregen overeenkomstig artikel 535. Een afschrift wordt ook overgemaakt aan diegenen die voldaan hebben aan de formaliteiten die door de statuten voor de toelating tot de algemene vergadering zijn voorgeschreven.
Het ontbreken van het verslag bedoeld in het tweede lid heeft de nietigheid van de beslissing van de algemene vergadering tot gevolg.
Op dezelfde wijze wordt gehandeld wanneer het netto-actief ten gevolge van geleden verlies gedaald is tot minder dan een vierde van het maatschappelijk kapitaal, met dien verstande dat de ontbinding plaatsheeft wanneer zij wordt goedgekeurd door een vierde gedeelte van de ter vergadering uitgebrachte stemmen.
Is de algemene vergadering niet overeenkomstig dit artikel bijeengeroepen, dan wordt de door derden geleden schade, behoudens tegenbewijs, geacht uit het ontbreken van de bijeenroeping voort te vloeien.

- - -

Art. 633. Si, par suite de perte, l'actif net est réduit à un montant inférieur à la moitié du capital social, l'assemblée générale doit, sauf dispositions plus rigoureuses dans les statuts, être réunie dans un délai n'excédant pas deux mois à dater du moment où la perte a été constatée ou aurait dû l'être en vertu des obligations légales ou statutaires, en vue de délibérer, le cas échéant, dans les formes prescrites pour la modification des statuts, de la dissolution éventuelle de la société et éventuellement d'autres mesures annoncées dans l'ordre du jour.
Le conseil d'administration justifie ses propositions dans un rapport spécial tenu à la disposition des actionnaires au siège de la société quinze jours avant l'assemblée générale. Si le conseil d'administration propose la poursuite des activités, il expose dans son rapport les mesures qu'il compte adopter en vue de redresser la situation financière de la société. Ce rapport est annoncé dans l'ordre du jour. Une copie peut en être obtenue conformément à l'article 535. Un exemplaire est également transmis sans délai aux personnes qui ont accompli les formalités requises par les statuts pour être admises à l'assemblée.
L'absence du rapport prévu par l'alinéa 2 entraîne la nullité de la décision de l'assemblée générale.
Les mêmes règles sont observées si, par suite de perte, l'actif net est réduit à un montant inférieur au quart du capital social mais, en ce cas, la dissolution aura lieu si elle est approuvée par le quart des voix émises à l'assemblée.
Lorsque l'assemblée générale n'a pas été convoquée conformément au présent article, le dommage subi par les tiers est, sauf preuve contraire, présumé résulter de cette absence de convocation.

TLspotting
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Re: Air Belgium in 2018

Post by TLspotting »

Unlike some sources, Air Belgium does not go bankrupt, Air Belgium should still fly.

Press release coming this evening or tomorrow morning.

https://www.rtbf.be/info/economie/detai ... d=10050121
Hi. I'm Thibault Lapers. @ThibaultLapers & @TLspotting

Passenger
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Re: Air Belgium in 2018

Post by Passenger »

TLspotting wrote: 18 Oct 2018, 16:42 Unlike some sources, Air Belgium does not go bankrupt, Air Belgium should still fly. Press release coming this evening or tomorrow morning.
They have to blame themselves for these negative press reports. Once again. Someone from inside their company had leaked to L'Avenir that there was this extraordinary Board Meeting. And he/she added to the journo that it could even be the last Board meeting ever.

Result? Another blow to consumer confidence. I read in the press updates that they will now go for ACMI and cargo. That's gonna be their only way out, because these new rumours are about the worst that can happen for scheduled flight bookings.

TLspotting
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Re: Air Belgium in 2018

Post by TLspotting »

Is it possible to get a media update please?
Hi. I'm Thibault Lapers. @ThibaultLapers & @TLspotting

JustPlanes
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Re: Air Belgium in 2018

Post by JustPlanes »

Passenger wrote: 18 Oct 2018, 18:50
TLspotting wrote: 18 Oct 2018, 16:42 Unlike some sources, Air Belgium does not go bankrupt, Air Belgium should still fly. Press release coming this evening or tomorrow morning.
They have to blame themselves for these negative press reports. Once again. Someone from inside their company had leaked to L'Avenir that there was this extraordinary Board Meeting. And he/she added to the journo that it could even be the last Board meeting ever.

Result? Another blow to consumer confidence. I read in the press updates that they will now go for ACMI and cargo. That's gonna be their only way out, because these new rumours are about the worst that can happen for scheduled flight bookings.


ACMI makes sense... they've started doing that and are establishing themselves on the market and the money risk of operating for other airlines as opposed to selling seats on your own route can't be compared.
CARGO... I assume they would need cargo airplanes to do that...
SCHEDULED... after all the setbacks, delays in startup... frequency reduction, service suspension... not sure who would want to buy a ticket departing Europe and take a chance...

If someone from inside the airline leaked this information to the press they are certainly NOT a friend of the company... and thats too bad but I guess thats life these days... Still wish them the best and hope they survive!

Stij
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Re: Air Belgium in 2018

Post by Stij »

Of course, I think we all wish them the best!
But isn't the yearly high season for ACMI over?
If so, they'll have to make it through winter with a probably seriously hit cash position…

Cheers,

Stij

Passenger
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Re: Air Belgium in 2018

Post by Passenger »

TLspotting wrote: 18 Oct 2018, 19:18 Is it possible to get a media update please?
In Dutch:
https://www.tijd.be/ondernemen/luchtvaa ... 60679.html
https://www.tijd.be/ondernemen/luchtvaa ... 60364.html
https://www.vrt.be/vrtnws/nl/2018/10/18 ... en-verder/
https://www.hln.be/de-krant/air-belgium ... ~a1616c59/
http://www.standaard.be/cnt/dmf20181018_03855028
https://www.nieuwsblad.be/cnt/dmf20181018_03854700
https://www.luchtvaartnieuws.nl/nieuws/ ... oorvliegen
https://www.upinthesky.nl/2018/10/18/ai ... -de-lucht/

In French:
https://www.lavenir.net/cnt/dmf20181017 ... -ou-encore
https://plus.lesoir.be/185383/article/2 ... e-en-chine
https://www.rtbf.be/info/economie/detai ... d=10050121
https://www.lavenir.net/cnt/dmf20181018 ... ir-belgium

In English:
https://centreforaviation.com/news/air- ... ons-850817
https://simpleflying.com/is-air-belgium ... -bankrupt/
https://newsroom.aviator.aero/air-belgi ... ting-down/

My conclusions:

If one is confronted with so many bad news, you don't announce a press release "for tonight or tomorrow". You send it out immediately.

Forum members and Facebook fans may remain optimistic, but management must be realistic. Their image with the public and the trade is damaged so much meanwhile, that it is impossible to go on with scheduled flights. If a possible client has read just one of the above articles, he/she won't book. And please note: I have not included Aviation24.be articles in the above list. So don't blame me or others here for being too negative please. It's realism.

Acid-drop
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Re: Air Belgium in 2018

Post by Acid-drop »

In aviation, such a succession of bad news seldom ends well.
But it can't look like a waste of subsidies, so there will be a lot of fooling around probably.
Not to mention this beautiful piece of the human nature : https://www.sciencedirect.com/science/a ... 7885900494
My messages reflect my personal opinion which may be different than yours. I beleive a forum is made to create a debate so I encourage people to express themselves, the way they want, with the ideas they want. I expect the same understanding in return.

Passenger
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Re: Air Belgium in 2018

Post by Passenger »

TLspotting wrote: 18 Oct 2018, 16:42 Unlike some sources, Air Belgium does not go bankrupt, Air Belgium should still fly.

Press release coming this evening or tomorrow morning.
Still no press release? Are they unaware of what is written about them?

...As for what you just read about Air Belgium, the airline might be heading down the same lane as well. Founded in 2016, the Brussel-Charleroi airport (CRL) based carrier immediately ran into difficulties and did not start operations until this year. The startup had been serving only one destination, Hong Kong, until it suspended those scheduled flights in September 2018. When news emerged a general meeting by the company’s executives would be held October 18, 2018, there was speculation it may be considering shutting down. But it seems Air Belgium’s board decided to continue focusing its efforts on wet-leasing, hoping the several ACMI contracts will keep the carrier airborne while it seeks a new Chinese partner...
https://www.aerotime.aero/ruta.burbaite ... e-industry

TLspotting
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Re: Air Belgium in 2018

Post by TLspotting »

Passenger wrote: 19 Oct 2018, 19:52
TLspotting wrote: 18 Oct 2018, 16:42 Unlike some sources, Air Belgium does not go bankrupt, Air Belgium should still fly.

Press release coming this evening or tomorrow morning.
Still no press release? Are they unaware of what is written about them?

...As for what you just read about Air Belgium, the airline might be heading down the same lane as well. Founded in 2016, the Brussel-Charleroi airport (CRL) based carrier immediately ran into difficulties and did not start operations until this year. The startup had been serving only one destination, Hong Kong, until it suspended those scheduled flights in September 2018. When news emerged a general meeting by the company’s executives would be held October 18, 2018, there was speculation it may be considering shutting down. But it seems Air Belgium’s board decided to continue focusing its efforts on wet-leasing, hoping the several ACMI contracts will keep the carrier airborne while it seeks a new Chinese partner...
https://www.aerotime.aero/ruta.burbaite ... e-industry
I didn't get any answer until now from the spokesman, my friend. I sent the email yesterday evening, but there's still nothing on AB website neither... AB should be more reactive...
Hi. I'm Thibault Lapers. @ThibaultLapers & @TLspotting

Passenger
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Re: Air Belgium in 2018

Post by Passenger »

Waving at each other N-W of Paris: OO-ABB coming back from Lisbon (ABB845P), OO-ABE positioning from Charleroi to Orly, most probably to do an Aigle Azur backup (callsign ZI37P).

.
FR24 19 10 2018.jpg

TLspotting
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Re: Air Belgium in 2018

Post by TLspotting »

Passenger wrote: 19 Oct 2018, 22:40 Waving at each other N-W of Paris: OO-ABB coming back from Lisbon (ABB845P), OO-ABE positioning from Charleroi to Orly, most probably to do an Aigle Azur backup (callsign ZI37P).

.

FR24 19 10 2018.jpg
ZI37 ORY - VCP 13:45 - 20:45 A343 20/10/2018
ZI38 VCP - ORY 22:45 - 15:15+1 A343 20/10/2018
Hi. I'm Thibault Lapers. @ThibaultLapers & @TLspotting

TLspotting
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Re: Air Belgium in 2018

Post by TLspotting »

Update : ZI38 VCP - ORY 14:45 - 07:15+1 A343 21/10/2018*

The return flight is 1 day later, something like Surinam Airways?
Hi. I'm Thibault Lapers. @ThibaultLapers & @TLspotting

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sn26567
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Re: Air Belgium in 2018

Post by sn26567 »

TLspotting wrote: 20 Oct 2018, 09:00 Update : ZI38 VCP - ORY 14:45 - 07:15+1 A343 21/10/2018*

The return flight is 1 day later, something like Surinam Airways?
No second crew at VCP, hence the same crew is flying both outbound and inbound and needs some (legal) rest at VCP.
André
ex Sabena #26567

TLspotting
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Re: Air Belgium in 2018

Post by TLspotting »

sn26567 wrote: 20 Oct 2018, 16:44
TLspotting wrote: 20 Oct 2018, 09:00 Update : ZI38 VCP - ORY 14:45 - 07:15+1 A343 21/10/2018*

The return flight is 1 day later, something like Surinam Airways?
No second crew at VCP, hence the same crew is flying both outbound and inbound and needs some (legal) rest at VCP.
Air Belgium is going to fly for TUI fly Belgium (once again) from Brussels to Varadero and Montego Bay on 21/22 October 2018. These flights will be operated by OO-ABB.

TB703 BRU - VRA 10:00 - 14:00 A343 OO-ABB 21/10/2018
TB704 VRA - MBJ 15:10 - 15:30 A343 OO-ABB 21/10/2018
TB704 MBJ - BRU 13:30 - 06:15+1 A343 OO-ABB 22/10/2018

TB704 to Brussels on Sunday evening canceled.

ABB is going to be transfered this evening around 20:15 from CRL to BRU as TB703P.

Then there's also a stop at MBJ, where the flight is cancelled.
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luchtzak
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Re: Air Belgium in 2018

Post by luchtzak »

Last night ABD was flown to Perpignan, to EAS services. For maintenance or winter storage?

https://www.flightradar24.com/data/aircraft/oo-abd

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Re: Air Belgium in 2018

Post by TLspotting »

luchtzak wrote: 22 Oct 2018, 08:43 Last night ABD was flown to Perpignan, to EAS services. For maintenance or winter storage?

https://www.flightradar24.com/data/aircraft/oo-abd
Maintenance
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Re: Air Belgium in 2018

Post by luchtzak »

We’re delighted and privileged to welcome an official delegation led by He Jinping, Vice Governor of Henan Province, together with our partner HNCA Team, led by Chairman Zhang Mingchao, ahead of launching service to Zhengzhou city. Also present: Jean-Jacques Cloquet and Hervé Fransens from BSCA and Michel Kempeneers, AWEX.

Image

simnam
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Re: Air Belgium in 2018

Post by simnam »

The least you can say is that last weeks communication is contradictory... and messy

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