PPRuNe Forums - View Single Post - Eddington: NO to Belgian bailout of SN
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Old 15th Jul 2001, 14:34
  #4 (permalink)  
Flying_Tuur
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Angry

I hope that Brittish is not as stupid as other European airlines to work together with Swissair. Austrial bailed out just in time, SN, AOM and French partners and LTU are in very bad papers right now because of decisions taken at Swiss level. In fact, Sabena would be in profit if the Swiss didn't push SN to renew the fleet with airbusses, leased from SAir daughter Flightlease. There are a lot of examples like this, in SN and AOM (I'm not sure of LTU) where the Swiss try to transfer money from these companies to themselves.
Conserning SN and the Belgian government sueing SR: SR is trying to get an agreement, only because the Belgian and the French government are the only 2 in the European union who didn't already sign an agreement letting the Swiss economy profit from European agreements, without infact paying for those profits.. That's one of the reasons why there is so much pressure in Switserland on Mr. Corti (chairman of SR) to get to an agreement with SN (and the Belgian state).
Anyhow, screw SR, don't blame SN for their situation (you can blame the Belgian government and especially mr. Daems for selling of to the Swiss though) and just hope for your own companies not to sleep with the whore Swissair...