VLM Airlines (Antwerp) (VLM, Antwerp) has announced that its majority shareholder, SHS Aviation B.V., decided to dissolve the airline during an extraordinary general shareholders meeting held on August 31.

A statement said all flights have been suspended as of August 31 with Youri Steverlynck and Birgitta Van Itterbeek of Monard Law appointed as liquidators. They will seek to negotiate the sale of the business with potential buyers.

Commercial Director Konstantijn Huys said in a separate statement that all unpaid invoices will be settled in the coming days and weeks once all assets have been sold.

SHS Aviation B.V. is owned by a consortium of Dutch and Chinese investors. VLM and its Slovenian sister carrier VLM Airlines (Slovenia) (VO, Maribor) operated a total of five Fokker 50 turboprops.

VLM had earlier this month unveiled a restructuring plan wherein it would focus on ACMI/charter flights with its scheduled network trimmed to flights from Antwerp to both London City and Zurich.

A separate entity with a separate AOC, VLM Airlines (Brussels) (HQ, Brussels National) is unaffected by VLM (Antwerp)'s termination of operations.

As it currently stands, TUI fly (Belgium) (TB, Brussels National) and flybe. (BE, Exeter) will remain as Antwerp's only scheduled operators with TUI fly serving various destinations around the Mediterranean Sea in Europe and North Africa and Stobart Air (RE, Dublin Int'l) operating between Antwerp and London Southend under a flybe. franchise agreement.