Monday, 15 June 2015

Interview: Arthur White, VLM CEO

Full article in PDF format

Arthur White knew he had his work cut out in July 2012 when he became managing director of VLM Airlines, the Antwerp-based charter and ACMI (Aircraft, Crew, Maintenance and Insurance) operator.

Parent company Air France had already subsumed the VLM brand under CityJet, its exclusive ACMI customer, and was supposedly pursuing a full merger. Yet the flag-carrier’s new restructuring programme made no mention of either subsidiary, and within weeks of White’s appointment it was clear that a sell-off was the only option being considered in Paris.

German turnaround specialist Intro Aviation would soon emerge as a white knight for the sister carriers, offering to buy them in December 2013. But it was not long before VLM faced yet more headwinds...