Belgian regional VLM Airlines has filed a formal application asking for creditor protection for six months to avoid bankruptcy, a source close to the situation confirmed to ATW following media reports in the Belgium and the Netherlands. A hearing will be held May 25. VLM could not be reached by ATW for comment. Several media outlets have reported that VLM said in a press release that “the judicial reorganization [will give] the necessary breathing space to primarily repay historical ...

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