Sabena was operating under chapter 11 for a wile, and they would have to find new investors to take over the dept and work out a restructoring plan, it looks like the management was not successful so ultimatly the point is reached where bankrupcy is the end, just like Pan-Am, Braniff, TWA etc.
Swissair is still in chapter 11, next will be LTU and Alitalia.......
I think BA,LH,KLM and AF will survive
with regards from Europe....
