login
login

Europe Daily Bulletin No. 8010

20 July 2001
Contents Publication in full By article 39 / 57
ECONOMIC INTERPENETRATION / (eu) aviation

The Belgian State and SWISSAIR GROUP reached an agreement over the SABENA dossier. According to the terms of the agreement, the two parties will invest EUR 430 million in the Belgian company with 60% financed by SWISSAIR and 40% by the Belgian State. This is less than Belgium hoped for (EUR 529 million), but more that SWISSAIR intended to pay as it did not want to inject another Franc into this loss making airline. For its part SWISSAIR gained the cancellation of the contract in which it...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
SUPPLEMENT