I've seen some press about LTU and obviously Sabena but very little on Air Europe / Volare Airlines in Italy. If SAir have 49% in that group as well who knows. With Sabena and LTU Swissair cash was needed for their business plans but I don't think that is the case for Air Europe/Volare. If so, they may be in a much better position but all looks very unclear at the moment.
Seems like a real mess