What about the future of Sn Brussels Airlines ?

fly · Post by **fly** » 17 Jan 2005, 15:47

and missing out on a lot..... letting others take control.... in the longterm that means you shoot yourself in the foot

Post by **sn26567** » 17 Jan 2005, 17:14

fly wrote:a large capital injection is needed maybe some big arab carier or somebody like Richard Branson will take over the SN Airholding so expansion can take place for both longhaul and short to medium haul.
Wasn't that the plan anyway , to sell SnBA in 2006?

Let's take things in sequence:
1) Richard Branson will certainly not take over SN BA, as he is now trying to disinvest from the merged SN BA-VEX structure.
2) The current shareholders of SN Airholding (Fortis, KBC, Dexia, UCB, Tractebel/Electrabel, Solvay, the Brussels region, the Walloon region, BIAC, etc.) have always said they wanted to get out, whether in 2006 or at any other time that will give them a larger profit (or rather a smaller loss) on their investment. Who will take over their share? Nobody knows. SN Air Holding has 92% of SN BA (the remaining 8% still belong to Sabena, or rather the Sabena coordination centre SIC.
3) BA has said in the past that they might take a small share of SN BA.
4) SN BA still needs to repay a big loan from the Belgian State. How this will happen is also unknown.

Indeed, a big investor with large pockets would be very welcome.

sn-remember · Post by **sn-remember** » 18 Jan 2005, 12:19

fly wrote:hello lads,

what SN Brussels Airlines needs is an urgent invester to take over the company and a brandnew management.

Very true !
And while we are at suggestions, I think the company shoud urgently take the advice of top consultancy experts to help it navigate in such troubled waters..
Air France's president (Christian Blanc I think) did not hesitate at the time to call for such expertise when the company was on the verge of collapse not so many years ago !
Of course it costs but if the expertise is of the expected quality, then it certainly is worthwhile !

Advisor · Post by **Advisor** » 18 Jan 2005, 12:21

A silver lining in the cloud. Things are taking shape for the better for SNBA. They got an award from Travel Magazine.

Nice things happen to nice airlines. And SNBA is a nice one.

sn-remember · Post by **sn-remember** » 18 Jan 2005, 13:42

It must be acknowledged to SNBA that the european market is a difficult one nowadays , most of the european airlines compensating losses on this market by profits on the intercontinental routes.
So SNBA has more merit for making a profit here !

Fab99 · Post by **Fab99** » 18 Jan 2005, 13:50

Are you sure SNBA is making profit on european network? isnt'it their african network that is bringing the profit???

sn-remember · Post by **sn-remember** » 19 Jan 2005, 12:52

I don' think so (the african ntwk being only recently fully integrated to SNBA)