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Financial crisis for Belgian charter air company Sobelair

Brussels, Belgium - Court declares bankruptcy

Brussels Court declared charter air company Sobelair bankruptcy. The carrier belonged to Belgian World Airlines and before to Belgian air company Sabena, collapsed in 2001. It had European, Mediterranean and some American and African destinations but the deep financial crisis reduced its fleet to 12 airplanes and 480 employees who, as decided by the Court, will not be immediately payed off. Starting...

AVIONEWS - World Aeronautical Press Agency - 57183
Rome, Italy, 01/20/2004 12:26
AVIONEWS - World Aeronautical Press Agency

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