TriStar
Topic Author
Posts: 834
Joined: Sun Oct 24, 1999 9:03 pm

SR Owns 85% Of SN

Wed Apr 26, 2000 9:26 pm

An agreement has been reached between the Belgian government and Swissair for the latter to get 85% of the shares of Sabena, provided the EU Commission gives its okay.

In return, the Belgian government would become the main shareholder of SAirGroup with 3.3%, and they would be able to appoint the vice president.

The sale of the additional 35% of shares will raise Belgium 150 million Euro, or USD 139.530.000.

Best regards,

TriStar.
 
avion
Posts: 2126
Joined: Tue May 18, 1999 1:28 am

RE: SR Owns 85% Of SN

Thu Apr 27, 2000 1:58 am

I hope they both get a new look alike color scheme. Like Premiair and Airtours.

Avion
 
frankvw
Posts: 7
Joined: Thu Jun 30, 2005 4:52 pm

RE: SR Owns 85% Of SN

Thu Apr 27, 2000 2:54 am

Our poor old company.....

The belgian government also said they could sell their last shares, and so, totally privatise Sabena
 
sndp
Posts: 534
Joined: Fri Feb 18, 2000 6:07 pm

RE: SR Owns 85% Of SN

Thu Apr 27, 2000 7:54 am

Finally there is the agreement we have all been waiting for. I can't say I'm very happy, I feel a little bit strange, now that our Belgian airline is in foreign hands. But on the other hand, I realize that it is the only possible way for SN to survive in tommorow's economy. I just hope Swissair will always keep the name Sabena. They may be the main share holder now but that doesn't want to say SN doesn't stay ours.
sndp

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos