Slz396, what is THIS for a structure? Hell, the times of industry conglomerates owning shares in every possible business are long, long gone! This is pure heavy industry involved and don´t make me believe that they have a real interest in the airline! Why should they? Belgium is surrounded by big hubs which offer flights in virtually every corner of the world (FRA, LHR, CDG, AMS) and they are all well connceted to BRU. DAT´s new owners (who ever it will be) are really agressive with their plans but how long will they last?
Does someone know if state guarantees count as subsidize, soo? I believe so, thus the creditors will get tax money payed out. Í´m not a belgian citizen but a german and what I see is something I don´t like. Too much government involvement IMO. Sorry to ask: haven´t you (and the swiss) learned anything from the "Titanic Sabena" and "Titanic Swissair"? These airlines were just over-sized and in both cases it is currently tried to rebuild them to their former sizes - who cares about the costs! Maybe someone could make up a small analysis how much (tax) money has been spend since 1990 to bail out SN or SR... would be interesting to read how much every tax payer had to pay for "his" airline...
Please don´t understand me wrong but I believe that the times of state owned airlines are gone - but there are still people out who want to keep them afloat. Tax money isn´t as valuable as your own money...