In response to some comments of Guvnor:
Press reports today refer to the Sabena - City Bird MD11 lease as a 'very highly priced transaction'. Seems only right that Sabena's new management did put an end to that transaction after Reutlinger's demise. SN voluntarily paid termination damages which City Bird at the time publicly referred to as being 'fair'.
Without these damages City Bird might have been even worse of in view of Sabena's Chapter 11 filing earlier this week: in other words, CTB would have had to file for bakruptcy irrespective of the fact whether or not their expensive MD11 leases to Sabena had continued.
On a slightly different note, it seems weird against the background of such highly priced MD11 lease transaction, that Mr. Hasson, CTB's MD, when facing journalists yesterday following bankruptcy, brutally leashed out at Thomas Cook, the would be buyer of CTB, calling them gangsters and thieves...
Some introspection sometimes helps!