BRUSSELS, Belgium – A commercial court declared Sabena bankrupt on Wednesday, as the airline's last scheduled flight flew home to mark the end of the Belgian carrier's 78-year history. Prime Minister ...
Troubled Belgian airline Sabena SA will seek bankruptcy protection Wednesday after Swissair failed to provide promised financial assistance, the government announced. Sabena, in which the government ...
Sabena filed for protection from creditors on Wednesday after Swissair, which holds a 49.5 per cent stake in the airline, failed to make a promised payment of SFr200 million ($132 million) this week.
Sabena has called a crisis meeting of its shareholders, SAirGroup and the Belgian Government in a bid to stave off a financial crisis threatening its future. Belgian Prime Minister Guy Verhofstadt ...
THE turmoil sweeping the airline industry has claimed its first European victim, with Belgian national airline Sabena giving up its struggle for survival, threatening thousands of jobs. The ...
BRUSSELS — Debt-ridden Sabena said Tuesday it plans to seek a court declaration that it is bankrupt, the final chapter for one of Europe’s oldest airlines. The carrier, 50.5% owned by the Belgian ...