Court of Appeals annuls Sobelair bankruptcy

liebensd · Post by **liebensd** » 30 Jun 2004, 10:26

This morning a Belgian court declared that the failure of Sobelair was false. Sobelair will not fail bankrupt but will be settle.

Greatz,

Dave

Post by **sn26567** » 30 Jun 2004, 11:16

I just uploaded the news in the Latest News section.

Let's see what it will mean for the company (which will probably never fly again), Aldo Vastapane (who might get his money back) and the staff (who have lost their jobs anyway).

Post by **luchtzak** » 30 Jun 2004, 12:41

sn26567 wrote:Let's see what it will mean for the company (which will probably never fly again), Aldo Vastapane (who might get his money back) and the staff (who have lost their jobs anyway).

Yes, curious too what will happen now...

Avro · Post by **Avro** » 30 Jun 2004, 13:30

Great

Now the company isn't bankrupt anymore but we will never see the planes flying anymore :dammit: :dammit:

Chris

killerwhale65 · Post by **killerwhale65** » 30 Jun 2004, 13:40

well they are not bankrupt, but they did go "in vereffening". Can someone explain me the difference?

Post by **sn26567** » 30 Jun 2004, 13:48

killerwhale65 wrote:well they are not bankrupt, but they did go "in vereffening". Can someone explain me the difference?

"vereffening" = liquidation. The company and its assets will be sold, but not under the constraints of a bankruptcy. It means that better prices can be expected.

killerwhale65 · Post by **killerwhale65** » 30 Jun 2004, 16:07

ok thanks, we can only hope the best for the (ex-)employees