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Old Oct 4, 2001 | 8:33 am
  #15  
doc
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Join Date: May 1999
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European Union regulators promised a quick review Thursday of Belgium's offer to lend troubled airline Sabena $114 million to stay in the air, as competitors raised objections to the plan.

Belgium's flag carrier filed for bankruptcy protection on Wednesday, a day after its co-owner, Swissair, took a similar step.

The loan must be cleared by the European Commission, which enforces strict EU rules governing state aid to ailing companies. A decision is expected as early as Friday.

http://www.nytimes.com/aponline/busi...EU-Sabena.html
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