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Sabena files for bankruptcy

TROUBLED Belgian flag carrier Sabena has gone to court to
file for bankruptcy.

The airline has grounded all flights because of its
liquidity problems and reports suggest staff have been told to stay at home.

Sabena had been in financial trouble since January when
partner Swissair decided not to increase its stake from 49% to 85% and
September’s terrorist attacks in the US made its problems worse.

 

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