I am only speculating here, but could appear the Waterford route might be in question (again), along with VLM as a company...
I was just reading the below article and the airline has entered the Belgian equivalent of Bankruptcy Protection, very similar to Chapter 11 protection in the US...
This will last six months and give the airline time to restructure.
I was quite shocked to read the airlines load factor last October was only 37%! This has however been improving and April this year stood at 50% load factor.
The airline has quite an old fleet and does seem to fly a rather random set of routes. It does make you wonder what their business plan is like and are they in a position to look at renewing the fleet anytime soon?
Reports: VLM Airlines files for creditor protection | Airlines content from ATWOnline