Sabena CEO says audit confirms need for cost cutting at the carrier

Article Abstract:

Sabena SA's chief executive officer, Christoph Mueller, said that the airline would have to lower costs. Otherwise, Sabena will run out of cash by the end of February 2001.

Financial management, Beliefs, opinions and attitudes, Mueller, Christoph

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Swissair, Brussels reach compromise in Sabena dispute; Ailing Belgian carrier will get joint injection of 430 million euros

Article Abstract:

This article discusses the compromise reached by the Belgian government and Swissair Group over the finances of Sabena Belgian World Airlines. The unprofitable Belgian airline will receive a joint cash injection of 430 million euros from both of the shareholders and Swissair will be released from its commitment to increase its stake in Sabena.

Government domestic functions, Switzerland, Receipt of funds, Use of Funds, Brief Article, Swissair Group

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Sabena surrenders to finances, opts for bankruptcy

Article Abstract:

Sabena, the national airline of Belgium, has announced that it will declare bankruptcy. The bankruptcy will lead to the termination of 12,000 jobs.

Organizational history, Management, Bankruptcy

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