THE SWISSAIR Group has come to an agreement with the Belgian
government over its investment in troubled airline Sabena.
The two sides have agreed to invest a total of £264 million
in Sabena over the next two years. Swissair will pay 60% of the total and the
Belgian government 40%.
In return, Swissair has been released from its commitment to
increase its stake in Sabena from 49.5% to 85%.
Swissair will also take over Sabena’s order for nine Airbus
aircraft.
It is hoped the extra investment will be enough to turn the loss-making
Sabena into a profitable airline.