Another New Carrier across the Atlantic

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Determination No. A-2019-46

March 18, 2019

APPLICATION by Air Belgium SA (applicant) pursuant to subsection 69(1) of the Canada Transportation Act, S.C., 1996, c. 10, as amended (CTA).

Case number: 

The applicant has applied to the Canadian Transportation Agency (Agency) for a licence to operate scheduled international services in accordance with the Agreement on Air Transport between Canada and the European Community and its Member States, signed on December 18, 2009 (Agreement).

The Agency is satisfied that the applicant meets all the applicable requirements of subsection 69(1) of the CTA. The Agency also finds that the pertinent terms and conditions of the Agreement have been complied with.

Accordingly, the Agency issues the licence.

Pursuant to subsection 71(1) of the CTA, the licence is subject to the conditions prescribed by the Air Transportation Regulations, SOR/88-58, as amended, and the following conditions:

  1. Subject to the availability of rights as set out in Annex 2 of the Agreement, the Licensee is authorized to operate scheduled international services on the route set out in the Agreement.
  2. The scheduled international services are to be conducted in accordance with the Agreement and any applicable arrangements agreed to between the European Community and its Member States and Canada.
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The are cancelling their HKG service so I guess the new routes to Canada will take up the slack. Their web site only shows that they only serve Brussels and Hong Kong


  • Number of aircraft : 4

  • Model: Airbus A340-300

  • Engine: CFM56-5C4

  • Number of seats: 303 after cabin refurbishment

    • Business : 18
    • Premium : 21
    • Economy : 264
  • Range: 13,500km

  • Overall Length : 63,69m

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3 hours ago, j.k. said:

Formed in 2016?

4 x 340-300s? 

No network or route structure?

Seems like the need an injection of Emirati cash if the plan is to dump some more seats into the Atlantic market.

If this have failed yet, it should...

Regarding that here is what Aviation Daily has on the ownership:

Air Belgium’s Ownership Structure Detailed

Apr 2, 2018 Bradley Perrett | Aviation Daily

BEIJING—New carrier Air Belgium is 49.995% owned by a company called Aviation Investment Holding NV., which is likely held by Chinese and Russian interests previously known to be involved in the project. Other major investors are Belgian national and regional government companies. Ticket sales will begin April 3, Air Belgium said. Flights will begin April 16, at first to Hong Kong from the carrier’s base at Brussels South Charleroi Airport. Later Air Belgium will fly to ...

and from another source

Air Belgium (KF, Brussels Charleroi) has commenced commercial flight operations following the completion of a one-off charter flight for Surinam Airways (PY, Paramaribo Int'l) on Thursday, March 29.

Chief executive Niky Terzakis told ch-aviation in a statement that although Air Belgium may operate ad-hoc charters as and when spare capacity permits, its focus is still the scheduled services niche in which it is due to commence operations on April 30 with 4x weekly Brussels Charleroi-Hong Kong Int'l flights. Additional destinations in mainland China will be added during the course fo the summer.

The start-up has since clarified its shareholding structure following the increase in its paid-up share capital to EUR20 million euros (USD24.65 million).

In a statement, Air Belgium said its five shareholders include Aviation Investment Holding (AIH) nv, whose directors include Peter Yip, Alexey Sumchenko and Mikko Rautio, with 49.995%. Company records indicate Aviation Investment Holding is itself owned by Hong Kong-based firms Pioneer Topworld Ltd and Sky Master Holdings Ltd.

The second largest shareholder is 3T Management & Associates bvba, represented by Terzakis, with 19.993%; then Société Régionale d’Investissement de Wallonie (SRIW) nv, whose director is Sparaxis nv, and represented by Eric Bauche, with 12.501%; Federale Participatie- en Investeringsmaatschappij (FPIM) nv, represented by Jean-Marie Focant, with 12.501%; Sabena Aerospace nv, whose director is B-Global Management bvba, represented by Stéphane Burton, with 5.010%.

Banque CPH is an observer by virtue of the EUR3 million funding facility extended to the airline.

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