Another update- my friend from
Europe:<br><br>"That situation in France is exactly that. 2 1/2 weeks
ago in<br>Sonntagsblick, they had estimated a loss of
500m SFR for<br>the French operations, and Sabena is
peanuts against that.<br>SAir is undercapitalized now,
and they have to find some<br>cash fast. To quickly
sell one of the loss making groups is<br>out of
question, they can only hope to sell one money
making,<br>healthy company fast, which will find eager takers. And
Gate<br>Gourmet is the one bringing in money. Same for the
plane<br>leasing company, now their results beefed up the numbers
<br>for the SR operations. But selling those units, it
will give them<br>only a short respite, unless they
can turn around the loss<br>making units. The future
of SAir does not look bright. Might<br>be the reason
behind delaying the posting of their results."