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Old 24th Oct 2001, 18:35
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The Guvnor
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Cool All Over for Sabena?

The Belgian press and TV are reporting that SN will file for bankruptcy today or tomorrow.

See: De Standaard and La Libre

It appears that they are trying to effect a similar rescue to that being done by Crossair of Swissair, where a number of aircraft and routes will be transferred over. One slight problem for them, though, is that unlike Crossair which has secured substantial funding no-one seems to be especially interested in bailing out SN/DAT.