Last week I saw a belgian TV-program about Sabena. They said Swissair was partially to blame for the situation Sabena is in now. Swissair takes over several routes of Sabena so they have more passengers. An example they gave was:
Sabena had to stop flying to Johannesburg. Swissair took over those flights. Swissair also has code-share agreement with South African Airlines on that route so the money comes in for Swissair. Instead of co-operating with SAA to Brussels Swissair managed to get Sabena's passengers. Sabena also can't fly to Asian destinations like Singapore, Kuala Lumpur, Bangkok etc.
I think Sabena could make profit out of such flights but just because Swissair performs those flights. Also the quality of flying from BRU goes down as passengers have to transfer at ZRH to such a flight. Instead of that they decide to fly non-stop from AMS, DUS, FRA or CDG.
This is not an offence against Swissair as Sabena may cause the same problems to Swissair in some cases.
Nevertheless I think it would be best for Sabena to seek for a new partner.
Maybe Alitalia or KLM would be a good move?
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I am very curious what your opnions about the relation between SR and SN are....