Air Transport World

Sobelair.(Europe)(Brief Article)

Burdened with a heavy debt load and expensive leasing contracts for part of its fleet, the former charter subsidiary of defunct Belgian flag carrier Sabena launched a search for a new shareholder or partner to finance a badly needed recap of about 10 million [euro] ($11.7 million) and even initiated talks with SN Brussels Airlines about a possible merger. However, the initiatives proved unsuccessful and the airline went into bankruptcy in January. …

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