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Air Belgium receives new capital injection

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Air Belgium has received a 1.9 million euro capital injection by Sogepa investment fund.

Air Belgium had been bailed out by Sogepa in August, L’Echo reports. After the capital injection, Air Belgium’s capital stands at €21,937,670.  

“Sogepa announced that the first flights to Martinique and Guadeloupe were satisfactory, and therefore worthwhile to invest directly as a shareholder,” Air Belgium’s head Niky Terzakis told L’Echo. 

“The recent recapitalization of Air Belgium is not part of a new capital injection, but the action of an existing right of a first rollover, according to the initial agreement,” Sogepa insisted.

The Brussels Times