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Wrong again!

Home Forums Commercial Aviation Swissair broke! Wrong again!

#711097
Geforce
Participant

Wrong again!

Indeed Europe is too small for all those airlines. One has to stop business, in this case the SAir Group.

KabirT, you said the problems of SAir have their origin in Sabena. Ofcourse I don’t agree (not only because of my ‘roots’). SAir knew Sabena was not making profit at that time. Sabena still is an old fashion airline, still focussed on collonial routes in Africa. Profit was not necessairy, because the company was owned by the state. So far I have to agree with you. Swissair wanted to change the whole airline, first of all by buying new A-330/340’s and A-319/320/321 to replace the older fleet of 747-300’s and the 727-200’s. That’s the reason for the new crisis, not because of bad sabena managment. Don’t tell me I’m wrong, there are a lot of analysts who’ve been investigating the case here.

There are two reasons why Swissair bought Sabena stocks.
– to become a bigger airline
– to have a major position in the international airports, especially at Brussels int. but also in Heathrow.

Swissair does not have money to take off anymore, at least Sabena is still able to help itself, even without support of SAir.

Who’s responsable? First of all the ones who invested in the whole new fleet. But second of all the Banks UBS and CS, they are the ones who are really controlling SAir. Corti is just a puppet.

Geforce – “Teamwork is essential. It gives the enemy other people to shoot at.”