ESTABLISHED IN 2001. FORMERLY "VG AIRLINES." LATER BECAME "DELSEY AIRLINES." FULL NAME: (VLM) VLAAMSE LUCHTVAARTMAATSCHAPPIJ. HQ AT ANTWERP. LONG-HAUL CHARTER JET AIRPLANE OPERATIONS TO USA.
NOVEMBER 2001: 3 ORDERS A330-223 (290, OO-SFQ; 296, OO-SFR; 300, OO-SFS), (ILF) LEASED JANUARY 2002, EX-SABENA (SAB).
APRIL 2002: RECEIVES ITS AIR OPERATING CERTIFICATE (AOC).
June 2002: To Los Angeles (nonstop, 3/week).
July 2002: To Yerrevan (nonstop, 2/week). AIMS TO START OPERATIONS IN MAY 2002 TO NEW YORK, BOSTON, AND LOS ANGELES (LAX). ALSO, TO YEREVAN (ARMENIA). VG AIRLINES (VGZ) WILL SERVE THE LARGE US ARMENIAN COMMUNITY LIVING AROUND BOSTON, (LAX), AND NEW YORK. ARMENIAN AIRLINES (ARQ) WILL BUY 50% OF THE SEATS ON THE ROUTE TO YEREVAN.
(VGZ) MAY LEASE A 4TH A330-200, AS A STANDBY AIRPLANE, AND FOR CHARTER FLIGHTS.
MAY 2002: TONY GRAM, OWNER OF VG AIRLINES (VGZ) ACQUIRES A SUBSTANTIAL MAJORITY STAKE IN AIR HOLLAND (HOL).
July 2002: Signs an interline agreement with Air New Zealand (ANZ) covering 7 Pacific destinations, from Los Angeles (LAX).
August 2002: To change its name from "VG Airlines" to "Delsey Airlines."
+3 orders A330-200'S, ex-SABENA (SAB).
November 2002: Files for bankruptcy at Antwerp commercial court, after grounding its fleet. A proposed investment of $3.5 million by Mahan Air (MHN), in which (VGZ) would have operated service between Tehran, Brussels, New York, and Bangkok, failed to materialize. The new airline was offered for sale after experiencing average load factors in the 25% range. Its 200 employees were mostly ex-Sabena (SAB).
All 3 A330-223's returned to (ILF), leased to Malyasia (MAS).