Sabena, the Société Anonyme Belge d'Exploitation de la Navigation Aérienne, was founded in 1926
by King Albert I
as the belgian national airline. Sabena was the champion of Europe
transport but offered transportation to about any destination on earth. On November 7, 2001
, Sabena was declared dead, bankrupt
. It had been bought and resold by Air France
, and KLM
. Neglecting final stock holder Swissair
and plane terrorism
were fatal to the 75 years old society.
It is survived by Sobelair
, the charter subcompany, DAT, regional carrier and Sabena Technics
, airplane maintenance. At least 5000 jobs are lost directly, with 100,000 possibly affected indirectly. That's about one percent of the Belgian
population. Sabena was one of the biggest employers in Belgium
. Today is a sad day for Belgium.
According to the joke, SABENA stands for "Such A Bad Experience, Never Again"