Belgian carrier Delsey Airlines has been put up for sale by its owner, Belgian entrepreneur Tony Gram, after failing to win enough business on its transatlantic routes.
Delsey (formerly VG Airlines) was bought by Gram from its founder Freddie Van Gaever earlier this year. The airline was set up after the collapse of national carrier Sabena.
However, the airline has failed to raise load factors on its North American routes above 25-50%, attributing this to the lack of an effective sales organisation in the USA and a significant US feeder.
Meanwhile, problems continue at Gram's other airline interest, charter carrier Air Holland. Gram acquired the Amsterdam-based carrier in a debt-for-shares swap earlier this year. The ailing carrier was last week granted another three weeks by a court to find new finance after air navigation organisation Eurocontrol started litigation to recover €1.2 million ($1.2 million) in unpaid en route charges. However, the ownership of the airline is uncertain, with Gram claiming not to have received any shares.
Source: Flight International
