Belgian regional airline Delta Air Transport (DAT) moved closer to its goal of becoming the successor to the defunct Sabena Airlines late last month, after a commercial court in Brussels decided to postpone a bankruptcy ruling on DAT creditor Sabena Interservice Center (SIC). A former wholly owned subsidiary of Sabena, SIC must issue a recovery plan sufficient to warrant a definitive suspension of debt payments.
Delta Air Transport
Merger talks between Virgin Express and SN Brussels Airlines–the renamed regional successor of bankrupt Sabena Airlines–came to a crashing halt in late February when Virgin chairman Richard Branson and investors in the Belgian regional failed to agree on a price and the would-be company’s management structure.
The successor to Belgium’s Sabena Airlines unveiled its new name last month as talks continued between shareholders in Sabena regional subsidiary Delta Air Transport (DAT) and Virgin Express to save the country’s flag carrier from extinction. Shareholders chose the name SN Brussels Airlines mainly because it allows the financially strapped carrier to retain the Sabena logo and its SN code for flight numbers.