ECONOMIC INTERPENETRATION / (eu) aviation

The shareholders of SN BRUSSELS AIRLINES and of VIRGIN EXPRESS have agreed on the principles of the creation of a joint entity to cover both companies, which will present distinct brands and products. VIRGIN EXPRESS will hold 29.9% of the new entity with the possibility of selling its stake at a later date. SN BRUSSELS AIRLINES saw a turnover of 533.5 million EUR in 2003, with net profits of 600,000 EUR. It carried 23.27 million passengers in 2003 and employs 1977, compared to VIRGIN's 2.7...