The remaining subsidiaries of bankrupt Belgian flag carrier Sabena were sold last week, with German airline Lufthansa taking over Sabena Catering and Sabena Ground Handling, while Spanish building and services group Formento de Construcciones y Contrates acquired Sabena Cargo. Amounts raised have not been disclosed. The receiver has to ensure as much compensation as possible for Sabena creditors, believed to be owed around €3 billion ($2.9 billion).
Source: Flight International
Italian carrier ITA Airways is performing ahead of the business plan drawn up last year as Luthansa Group prepares to take a stake in the airline.
Thai AirAsia has taken delivery of a new Airbus A321neo, marking the resumption of aircraft deliveries for the AirAsia Group after a hiatus of close to four years.
Lufthansa Group expects to close its deal to acquire a 41% stake in ITA Airways in the fourth quarter after securing conditional European Commission clearance for the transaction.
