Troubled Belgian airline Sabena SA will seek bankruptcy protection Wednesday after Swissair failed to provide promised financial assistance, the government announced. Sabena, in which the government ...
BRUSSELS, Belgium – A commercial court declared Sabena bankrupt on Wednesday, as the airline's last scheduled flight flew home to mark the end of the Belgian carrier's 78-year history. Prime Minister ...
The Belgian airline Sabena has filed for bankruptcy protection after failing to secure financial assistance from part-owner Swissair. According to the Belgian government, which owns 50.5% of the ...
Seventy-eight years of aviation history ground to a chaotic halt yesterday as the Belgian national airline Sabena said it would file for bankruptcy as staff protests left thousands of passengers ...
Sabena filed for protection from creditors on Wednesday after Swissair, which holds a 49.5 per cent stake in the airline, failed to make a promised payment of SFr200 million ($132 million) this week.
This week marked 40 years since the rescue of hijacked Sabena Flight 571. The deputy commander of the rescue mission, Danny Yatom, recalled the successful operation in an interview with Arutz Sheva.
Sabena has called a crisis meeting of its shareholders, SAirGroup and the Belgian Government in a bid to stave off a financial crisis threatening its future. Belgian Prime Minister Guy Verhofstadt ...
It was a gamble, one of those hugely risky decisions that can make or break a company — and in this case broke it. In late 1997, the Belgian airline Sabena was poised to order 17 new Airbus planes, to ...
Sabena’s chief executive, Christoph Müller, is expected to outline how he intends to restore the airline to profitability. His plan will be closely scrutinised by the Belgian government, which holds a ...
Belgium's national airline, Sabena, has received Brussels' blessing for a multi-million euro rescue loan. Because the package, worth 125m euros ($113m; £78m), is a bridging loan rather than a grant, ...
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