Swissair sues Sabena
4 January 2005
BRUSSELS – The administrators handling the affairs of former Swiss airline Swissair are suing the administrators of Belgium’s former national airline Sabena.
Le Soir newspaper reported on Tuesday that the administrators of Swissair, which owned 49.5 percent of Sabena before the two companies went bust in 2001, say the Belgian airline owes them millions of euros.
Swissair administrators claim that just hours before the two companies were declared bankrupt, Sabena gave nine take of and landing slots rights to DAT, one of its subsidiaries.
British Airways would have paid EUR 80 million for the slots, Swissair administrators argue.
Sabena’s administrators deny the allegations against them.
Late last year Sabena administrators launched a lawsuit against Swissair’s administrators, saying the former Swiss airline had not done enough prevent the 2001 bankruptcies.
[Copyright Expatica 2005]
Subject: Belgian news