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Sabena Saved

Sabena have been saved, Swiss air will back them with a huge amount of money for the next 4 years.
Both the belgium goverment and sabena will now drop all charges against swiss air.
Thats all I have at the mo folks. have fun now boys
hehehehe

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By: jumbolinoguy - 23rd July 2001 at 16:01

RE: Sabena Saved

Because I am living in zurich until september, my god have we spent too much time in the sun this summer.

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By: Geforce - 22nd July 2001 at 13:56

RE: Sabena Saved

So why the hell you say that Zurich is the city you live in! Correct your profile, and sabena is not yet saved, i repeat again! It’s just a temporary solution, it’s a Phyrrus-victory …

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

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By: jumbolinoguy - 22nd July 2001 at 12:50

RE: Sabena Saved

Well you are wrong I am not a swissie I am from Manchester England thank you very much, just because I work for a swiss company do not presume that I am swiss.
Thank you.

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By: Geforce - 21st July 2001 at 01:02

RE: Sabena Saved

LAST EDITED ON 21-07-01 AT 01:21 AM (GMT)[p]
Hahaha saved, that’s just a fairy-tail they tell to the public. OK, sabena is not yet in banckrupty, but they are in such big problems, nor the belgain government is allowed to, nor swissair wants to pay the amount of money necessairy to save the company.
But what if belgium had go on with this law-suit : two options
– Belgium would win : The connections – not only with swissair – but with whole Switzerland would get worse. Belgium – as the ‘president’ of the EU – can not afford to make such diplomatic faults again (like with Italy, Austria, US etc). The EU would like to see Switserland joining its organisations, for the money ofcourse.
– Belgium would lose : Swissair would not invest anymore in Sabena and Sabena would have to fire all of its employees. The BeGov. would have to pay even more to give all this people a new job, social security etc.

You see, both SR and BeGov. did not have good options. Maybe this agreement is the best political-economical solution, but I doubt that the people who work for Sabena will feel much safer now. It’s like a time-bomb which could explode every minut.

I see you’re also a Swissie. Dream on, jumboflyboy; sr is not out of problems yet. SR knew that sabena was in trouble long before they bought that 49 % of shares and an option to get more (till 85 %). It’s a normal thing they invest again in their own company. If it wasn’t for the political reasons, they would have lost the lawsuit anyway.
Geforce – “Teamwork is essential. It gives the enemy other people to shoot at.”

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