Sabena?
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Sabena announced this morning that the board meeting due this afternoon had been postponed due to ongoing talks with SwissAir.
SwissAir currently own 49.5% of Sabena (balance held by Belgian state) – SwissAir share due to rise to 85% but SwissAir Chairman Mario Corti has said that SwissAir would not keep funding losses at Sabena and did not want to boost its stake.
Sabena's board last week said that additional funding would be critical to implement a business plan designed to save the airline.
SwissAir currently own 49.5% of Sabena (balance held by Belgian state) – SwissAir share due to rise to 85% but SwissAir Chairman Mario Corti has said that SwissAir would not keep funding losses at Sabena and did not want to boost its stake.
Sabena's board last week said that additional funding would be critical to implement a business plan designed to save the airline.
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This is a rumour network, right ?
Okay, this is what WAFN (http://www.wafnews.com) says:
Sabena
- A320-family: 14 orders to be cancelled
- remaining B737s ('don't know how many left) are maintained in the fleet
- some Avro85 & Avro100 will be replaced by smaller ERJ-135 & ERJ-145.
- all A321s (3) will be sold to the Belgian Air Force to replace their A310s (glad I'm not paying taxes over there, they just bought 2 ERJ-135LRs)
Sobelair
- disposes one of its B737-300
- replaces/supplements its B737-400s with B737-800s or B757s
- replaces its B767-300ERs with B757s.
I guess we could say that Sabena finally choses the aircraft they always wanted to operate: Boeing planes (bye-bye Flightlease).
Okay, this is what WAFN (http://www.wafnews.com) says:
Sabena
- A320-family: 14 orders to be cancelled
- remaining B737s ('don't know how many left) are maintained in the fleet
- some Avro85 & Avro100 will be replaced by smaller ERJ-135 & ERJ-145.
- all A321s (3) will be sold to the Belgian Air Force to replace their A310s (glad I'm not paying taxes over there, they just bought 2 ERJ-135LRs)
Sobelair
- disposes one of its B737-300
- replaces/supplements its B737-400s with B737-800s or B757s
- replaces its B767-300ERs with B757s.
I guess we could say that Sabena finally choses the aircraft they always wanted to operate: Boeing planes (bye-bye Flightlease).
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I wish I could find again that interesting forum where an insider said that in the Sabena hangar that took fire in BRU a few years ago there was also the office of the guy in charge of the fleet renewal. His conclusions were "Buy Boeing !" and all his work proving that disappeared without a trace just before signing the contract with Airbus.
This guy gave some more info but I can't remember. I'll try to find it !
This guy gave some more info but I can't remember. I'll try to find it !
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From Air & Business Travel News:
[quote]SABENA could come to the end of the road very quickly following a
warning by the Belgian government to 49.5% owner Swissair Group that it
must decide by today (Tuesday 26 June) whether to inject more funds into
Sabena or the troubled Belgian flag carrier could face bankruptcy. Last
week Mario Corti, chief executive of Swissair, said that he would not
honour the commitment made by the previous management to increase
Swissair's stake in Sabena from 49.5% to 85%. At present, the Belgium
state holds the majority stake in Sabena. Mr Corti also said he is not
prepared to fund Sabena's ongoing operational losses, making it unlikely
that he would be prepared to take part in any further capital injection.
There are fears concerning the whole of the Swissair Group if it does
not do something drastic regarding its loss-making investments.
Swissair has promised to clarify its strategy further on 12 July.
http://www.sabena.com[/quote
A WEEKLY NEWS REVIEW PUBLISHED EVERY TUESDAY
PO Box 1315, Potters Bar, Herts EN6 1PU
Tel: 01707 665454 Fax: 01707 660330 e-mail: [email protected]
[quote]SABENA could come to the end of the road very quickly following a
warning by the Belgian government to 49.5% owner Swissair Group that it
must decide by today (Tuesday 26 June) whether to inject more funds into
Sabena or the troubled Belgian flag carrier could face bankruptcy. Last
week Mario Corti, chief executive of Swissair, said that he would not
honour the commitment made by the previous management to increase
Swissair's stake in Sabena from 49.5% to 85%. At present, the Belgium
state holds the majority stake in Sabena. Mr Corti also said he is not
prepared to fund Sabena's ongoing operational losses, making it unlikely
that he would be prepared to take part in any further capital injection.
There are fears concerning the whole of the Swissair Group if it does
not do something drastic regarding its loss-making investments.
Swissair has promised to clarify its strategy further on 12 July.
http://www.sabena.com[/quote
A WEEKLY NEWS REVIEW PUBLISHED EVERY TUESDAY
PO Box 1315, Potters Bar, Herts EN6 1PU
Tel: 01707 665454 Fax: 01707 660330 e-mail: [email protected]