Air Belgium reveals shareholders and ticket sales begin on Tuesday
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    Air Belgium reveals shareholders and ticket sales begin on Tuesday

    © Belga
    Air Belgium is due to take off on Tuesday.
    © Belga

    The new airline Air Belgium unveiled its shareholders on Thursday. Amounting to €20 million, the initial subscriber share capital is divided between five shareholders, of which Niky Terzakis, the company CEO, has a significant shareholding.

    The SRIW, the SFPI and Sabena Aerospace are other Belgian shareholders. The company has announced that it will commence ticket sales next Tuesday.

    The company Aviation Investment Holding (“AIH”) will hold 49.995% of the shares in Air Belgium. In terms of Belgian shareholders, the company owned by Niky Terzakis, 3T Management & Associates SRPL, will hold the largest shareholding with 19.993%. The company is followed by the Regional Investment Company of Wallonia SA (“SRIW”) and the Federal Holding and Investment Company SA (“SFPI”), which will each have a holding of 12.501%. Lastly, Sabena Aerospace has the lowest shareholding with 5.01%.

    Eric Bauche (representing the company Sparaxis and, in the light of this, the SRIW) will hold the post of Chairman of the Board of Directors. Niky Terzakis is appointed as Managing Director, and confirmed as CEO of the company. Air Belgium adds that beyond the initial subscriber capital, the bank CPH is contributing additional financing of €3 million, and will therefore have an observer position on the Board.

    The new company will start selling tickets to Hong Kong, its first destination, next Tuesday. These will specifically be available through the online platform www.airbelgium.com. Air Belgium states that further details, in particular the date of the first flight, are due to follow on Monday.

    Oscar Schneider
    The Brussels Times