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Old 25th Feb 2002, 16:23
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sabenapilot
 
Join Date: Oct 2001
Location: Belgium
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Angel

ffs-. .W. .hy don't you answer the final question on who is to blaim for the bankruptcy of SN, AOM and in the end even SR itself:. .-) the foreign subsidiaries which were known to be unprofitable at the time of take-over, yet did everything SR asked from them (massive fleet modernisations, higher flexibility on all levels, new corporate structure, giving up certain routes from their network etc. etc.). .-) or SR which promissed to turn these companies around, yet delivered nothing and in the end even tried to save itself at the expenses of its foreign partners via a complex system of overfacturation for catering (GateGourmet), handling (Swissport), flight support (Atraxis), hotels (Swissotel) etc....

As to the contracts violated by SR, here's a list of the financial contracts with SN violated by our Swiss bankers only last year:. .-) in february 2001 SR refuses against previously signed contracts to help finance the new fleet of A320 for SN, but promisses to increase its share to 85%. . .-) In July 2001 SR does not want to increase its SN share from 49,9% to 85% as agreed in february, yet promisses to pay 100 million euro in compensation payments.. .-) In August 2001 SR announces it will not pay the compensation fees as first promissed; the Belgian government goes to court a first time.. .-) In September SR promisses to help finance the new plan of Mr. Muller if the Belgian government drops it lawsuit.. .-) In October (the day before SR has to pay not only SN but also AOM) Mario Corti announces SR will file for bankruptcy protection at Zurich in order not to have to pay SN and AOM.. .So much as to fair banking and respecting signed contracts....
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