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Old Oct 3, 2001 | 5:43 am
  #1  
hindukid
 
Join Date: Jul 2001
Location: Chicago
Posts: 2,682
Sabena has files for bankruptcy!

http://cnnfn.cnn.com/2001/10/03/europe/swissair/

[B]There was more bad news for the beleaguered European airline industry, when Swissair's 49-percent owned Belgian airline Sabena filed for bankruptcy protection. Sabena has asked its government for cash to keep its planes in the air.

"Sabena has the necessary cash to guarantee normal activities for the time being," said the airline, which had been due to receive a promised cash injection from parent Swissair.

Sabena will seek 5 billion Belgian francs ($114.2 million) in bridge financing, a government source told Reuters.
[B]

They say that they will remain flying for the time being. How long exactly is the time being.

[This message has been edited by hindukid (edited 10-03-2001).]

[This message has been edited by hindukid (edited 10-03-2001).]
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