MeMy,
you are rightly concerned about JCS. Basically the takeover of Sabena by SR was not a bad idea, when the rightwings succeeded to win the vote against Europa. Goetz ( predecessor of Bruggisser ) fault was that he did not concentrate all SR forces on cleaning house in Brussels and break the power of the Belgian unions and fire the sloppiest SN employees.
Instead he then developped the "Hunter" strategy and invested into or bought every crappy fledgling airline in Euope and abroad ( like Air Litter All ). The final nail in the coffin for SR was LTU.
JCS seems to be copying this by announcing that he would invest into a merged DL/NW. Me thinks that the task of fixing DL/NW is a gargantuous task already ( if not impossible in view of the coming US recession ). Fixing AZ at the same time would certainly endanger AZ/KL, even with the combined AF/KL resources. I think this should be an either/or. Both are IMHO risky undertakings.
Do you still remember the "Alcazar" project ( KL, SK, SR, OS ) ?
Frank