Go Back  PPRuNe Forums > Flight Deck Forums > Rumours & News
Reload this Page >

Sabena and Sabena Technics Under Investigation for Fraud

Rumours & News Reporting Points that may affect our jobs or lives as professional pilots. Also, items that may be of interest to professional pilots.

Sabena and Sabena Technics Under Investigation for Fraud

Old 4th Dec 2001, 14:39
  #1 (permalink)  
The Guvnor
Posts: n/a
Exclamation Sabena and Sabena Technics Under Investigation for Fraud

From ATWOnline:

Sabena, Technics investigated for possible fraud
Dateline: Tuesday December 04, 2001

Sabena and Sabena Technics are being investigated by Belgian judicial authorities for possible fraud.

The authorities are examining whether Sabena tried to postpone its bankruptcy to the benefit of one creditor and the detriment of others. They also are looking into whether
Sabena's management misappropriated assets or tried to secrete parts of accounts.

Special fraud investigators confiscated documents regarding, among other things, the
airline's contracts with Flightlease as of Nov. 7, when Sabena was declared bankrupt.

A parallel investigation at Sabena Technics dates back to 1999 and involves complaints from airlines about misappropriation of aircraft parts for which they had been invoiced. The inquiry has been accelerated by Sabena's bankruptcy, which has made airlines and employees more forthcoming with information.
Old 4th Dec 2001, 20:29
  #2 (permalink)  
Join Date: May 2001
Posts: 90
Likes: 0
Received 0 Likes on 0 Posts

This could be interesting!any follow up appreciated Guv.
Cisco Kid is offline  
Old 5th Dec 2001, 01:02
  #3 (permalink)  
Join Date: Nov 2001
Location: Lalaland
Posts: 36
Likes: 0
Received 0 Likes on 0 Posts

Gee ! Holy SMOKE !

Corruption and fraud in BELGIUM !

What else is new Guv ?
Wanula Dreaming is offline  
Old 7th Dec 2001, 12:16
  #4 (permalink)  
Join Date: Nov 2001
Location: Brussels
Posts: 29
Likes: 0
Received 0 Likes on 0 Posts

Hey all...
Since moe than two decades(at least those years I am awareof, see the rest?), Sabena has always been a model of continued non-profit and despite that it continued to exist. By doing so, it killed all private attempts to start airline in this country, except one, Virgin Express, who, thanks to an outstanding management has survived.
But sabena has never been anything else than a huge administrative company that never caught any idea of rentability, profit, E.A.
So looking at how the gouvernment is implied in this, it is indeed no surprise to discover that there could be dirty stories implied in all this.
B.Navez is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell or Share My Personal Information

Copyright © 2023 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.