PM quizzed on Sabena bankruptcy
14 November 2003 , BRUSSELS – Belgian Prime Minister Guy Verhofstadt was quizzed by parliament Friday on his part in the bankruptcy of national airline Sabena two years ago.
14 November 2003
BRUSSELS – Belgian Prime Minister Guy Verhofstadt was quizzed by parliament Friday on his part in the bankruptcy of national airline Sabena two years ago.
The opposition challenged the prime minister over the attempted sale of Sabena landing rights to British Airways – a sale which could have raised EUR 80 million and prevented the immediate bankruptcy of the airline.
Flemish Christian Democrat MP Inge Vervotte claimed the government had held back essential information from the commercial court and was largely responsible for the largest bankruptcy in Belgian history.
Verhofstadt pointed out that the sale of landing rights would have been vetoed by the EU for legal reasons.
The rights were eventually handed over to a Sabena subsidiary and later gave Sabena successor SN Brussels airlines a head start.
Subject: Belgian news