PESO Aviation & AIR ONE Applaud Positive Court Ruling for Air Belgium Cargo

Peso Aviation Management B.V. and AIR ONE International Holdings Limited (AOIH)warmly welcome the Business Court of Walloon Brabant’s decision to approve its acquisition of Air Belgium’s cargo business.

This significant first step to secure the future of Air Belgium’s cargo operations aligns with PESO AVIATION MANAGEMENT B.V. and AIOH’s growth strategy and, once completed, will build a strong foundation for the airline’s future success in the Belgian and international cargo markets,preserve employment, and produce new development opportunities.

Through its new Belgian affiliate, AIR ONE Belgium (AOB)- owned 51% by Peter Scholten (PESO Aviation Management B.V.), a Dutch citizen with over 30 years of air cargo industry experience, and 49% by AOIH – the company is now set to acquire Air Belgium’s cargo business assets, contracts, and essential personnel. This collaborative approach aims to honour Air Belgium’s legacy while integrating its operations into AIR ONE Belgium’s ambitious growth plans.

Peter Scholten commented: “We acknowledge the trust the Nivelles business court has recognised in our offer. This positive ruling is not just an important win for PESO AVIATION MANAGEMENT B.V. and AIR ONE International Holdings Limited (AOIH) but also a significant milestone for Air Belgium’s cargo division and its dedicated employees. Together, we now have an opportunity to preserve jobs, strengthen Belgium’s aviation landscape, and build a future-ready cargo operation that benefits customers, our employees,and communities alike. This marks the beginning of an exciting new chapter for everyone involved.”

The next step in the acquisition process involves securing the required operating and aviation licences from the Belgian aviation authorities. Once completed, AIR ONE Belgium’s strategy will see the integration of two additional B747-400F aircraft into Air Belgium’s fleet, which currently consists of two B747-8F and two A330-200F aircraft. This enhanced fleet of six freighters, supported by existing charter contracts, will ensure seamless operations and position the company to meet growing customer demand.

This acquisition represents a vital step forward for all parties involved. PESO AVIATION MANAGEMENT B.V. and AOIH are eager to work together to drive growth, protect jobs, and uphold a shared commitment to delivering exceptional value and service within the global cargo industry.