The airline’s majority shareholder, SHS Aviation, voted on Friday to dissolve the carrier.
Earlier this month it was announced that VLM would discontinue routes to Aberdeen, Birmingham, Cologne-Bonn, Maribor, Munich and Rostock and that it would instead focus on business charter flights and the Antwerp-London City and Antwerp-Zurich routes.
VLM employs 85 people. Its parent company, which is 60% owned by Dutch investors, attracted a cash injection from China in return for a 40% stake after it previously filed for bankruptcy in 2016.
