Thanks for the support Keesje and Pothiabs!!
Nice to see that at least some people are not with their heads in the clouds.
This is a mail I sent to Swissgabe and ZRH, to clarify why SR bought into SN:
To avoid a SN/SR war in that topic, let's discuss via email than.
This was your statement:
It is correct that it was the biggest management mistake to participate in Sabena.
I don't think so, and why? This is why SR participated in SN, and these are facts:
x Ever heard of Alcazar? This was the plann of SR to have a coöperation with SK, KL and OS.
What happened? SR realized that they needed a strong partner within the EU. Their home market was too small to operate like they did. Do not forget that the flying activities of Swissair were already lossmaking for more than 10 years!!!! Luckily they had the catering, ... so they could make their year results much more better, or better said, their year results looked much better. So it is a very big mistake to say that SR was financially doing good untill 1995, when they participated in Sabena!!! They were already doing bad before the time of Sabena!! What happened? SR and KL and SK had both 30% in the alliance, OS only 10%. After some time, SR decided they wanted more than 30%!! (Again they wanted more than another, this shows good how they are).
So Alcazar failed. In the meantime SR was doing very bad. Their financial results were very very bad.
So to have again a foot in Europe, they wanted a coöperation with Sabena, they WANTED one. And because Sabena was in trouble after the bad coöperation with Air France, both carriers agreed, and SR took a 49,5 stake in Sabena. Sabena could give Sr the free EU market, which was just made free by the EU. Without SN, Sr would have had enormous difficulties to survive!! SR was not a member of the EU, do you realize how bad this was for SR???? So they NEEDED Sabena, like Sabena needed a partner!! And believe me, SR payed a VERY low price for Sabena, only 300 millions Euro. In an audit, Mc Kinsey advised three possibilities for SR to survive: one becoming less big (what they certainly didn't want), have an alliance with one of the 3 big players (BA, LH or AF) or have a global network with partners. They chose for the third one, the global network with partners, which was a typical Swiss decision; for the others it had to reduce it's activities, and this was impossible for the management. So please stop with saying that it was a big error of Swissair to participate in Sabena, it was not a big error. The reason why this failled was not only the weak financial position of Sabena, but also the weak financial position of Swissair.
I put my time in this, I hope you make some time to discuss this. Every thing I write here are facts, only facts.
No reaction untill now.
I proceed with discussing the SR/SN case when we have the official results of the investigation commission.
Untill now, the only thing you can do is confirm the above.
And the posts regarding the quality issues of Keesje are also completely right.