Honestly, if you ask me, the future looks very dark for Sabena beyond the one-month timeframe. And the only possibilities for survival would be extremely painful.
(1) Effective immediately, cut EVERY route that you can't make profitable (with *realistic*projections) within a 30-day timeframe. This is even more difficult considering that (a) global traffic levels are down post-September 11 (b) the winter is very tough for transatlantic markets and (c) travelers are likely to book away from Sabena given the pilots' strikes and uncertainty that their tickets will retain value. But Sabena certainly can't afford to continue throwing money at money-losing routes. This will more-or-less require a focus on routes that work mainly on traffic with a destination or origin in Belgium, I suspect.
(2) Whether the various employee groups like it or not, Sabena MUST substantially reduce pay levels AND staffing (the two are related; after all, certain routes might be made marginally profitable if employee costs can be reduced - this would save some jobs). The choice here is between losing some jobs and lower salary levels and losing ALL jobs with resulting salary levels of ZERO. And yes, Sabena absolutely must reduce its management ranks to have any credibility with its employees.
I doubt that you'd find anyone interested in purchasing Sabena until it can be made into a profitable entity, especially considering the current financial condition of most carriers. NONE of the American carriers can afford to take on Sabena's debts even if the purchase price for the airline were $1. They're all trying to conserve cash to ride out the crisis in the American market. The stronger European carriers really don't gain anything from a Sabena purchase. Moreover, even though this may sound callous, you could likely do better simply by cherry-picking Sabena assets in a liquidation.
Though the Sabena name once carried some value, I suspect that today few would have a strong interest in preserving it (outside of those who would wish to do so motivated by Belgian nationalism). They gained enough of a reputation for poor, unreliable service that they felt a need to advertise themselves recently as most-improved-airline.com. And in light of recent news, the public views them as financially troubled with an uncertain future. I don't think I'd want to book tickets in advance without knowing they'd still be in business to honor them. TWA was dogged by this problem for many years.