Moves are underway to revive Belgian regional and charter operator VLM Airlines, which declared bankruptcy in June 2016. A group of Dutch and Hong Kong-based Canadian investors has set up a corporate vehicle, SHS Aviation, in the Netherlands in an attempt to restore the airline. VLM was based at Antwerp International Airport and operated around a dozen Fokker 50 turboprops. It was the subject of a management buyout from Irish airline CityJet in October 2014, a few months after the latter ...

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