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Old 1st Oct 2001, 00:21
  #28 (permalink)  
The Guvnor
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With SR facing bankruptcy tomorrow, UBS and Credit Suisse announced earlier today (Sunday 30/09) that they are providing facilities to SR amounting to one billion Swiss Francs.

However, they will be cancelling future aircraft orders (including the A340-600s slated to replace the MD11s) and parking a number of A320 family aircraft.

For LTU, this means that a stay of execution can be avoided - with the same for Sabena on the condition that BeCA doesn't push the patience of both SR and the Belgian Government too far.