Word: carriere
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...colonial period, the 1970s fuel shocks, labor strife and mounting losses requiring regular government bailouts. By the 1980s Sabena was being lampooned as a bottomless pit. An attempt at restructuring in 1982-83 brought some respite, but in the rapidly changing world of commercial airlines, the carrier was too small, its costs too high. Sabena needed a partner to survive. The fateful deal with Swissair was signed in May 1995, after Sabena's attempts to ally itself first with SAS, British Airways, KLM and finally Air France collapsed. The Belgians were delighted. "Swissair was seen as a flying bank," says...
...start-up fees and bills that appeared inflated, according to testimony given by John Lindekens, one of the few Belgians in a senior position at AMP. For example, he said Sabena's in-flight magazine had been funded entirely by advertisements until AMP took over and began charging the carrier $1.4 million per year for it. AMP also billed Sabena for 9,000 "irregularity kits" with toiletries for stranded passengers at a cost of $5.50 apiece - enough for 11 years - and $250,000 for 40,000 unnecessary telephone cards. For the most part, the Swiss haven't spoken in their...
...framed photos of her and Prince Charles and their boys, a clutch of CDs and old LPs with her signature, handbags from Versace and Chanel and Prada, her monogrammed pajamas (these were in Burrell's bedroom), crockery bearing Charles' crest, more than 3,000 photo negatives stored in a carrier bag, including some of the young princes William and Harry in the bath, a letter Charles sent Diana on their 13th wedding anniversary "with lots of love," a computer disc detailing her personal accounts, a ceremonial sword, "One Lilac Dress with Beige Hanger and Cellophane Dust Cover," 13 cards...
...time. Even more surprisingly, Sabena's board of directors had neither a business plan justifying the higher number nor a watertight financing arrangement in place when they approved the deal. The order strained Sabena's already precarious finances to the breaking point and was the root cause of the carrier's collapse last November, the worst business failure in Belgian history, which destroyed 8,000 jobs and prompted the establishment of a parliamentary commission of inquiry, which next month will hear testimony from Prime Minister Guy Verhofstadt. "It was an astonishing episode," says Raymond Langendries, president of the commission...
...Solo. Indonesia, says Rohan Gunaratna, an expert on terrorism and author of a recent book on al-Qaeda, "is the only place in the world where radicals tied to al-Qaeda aren't being hunted down." Adds a Western intelligence source in Jakarta: "The country's like an aircraft carrier from which terrorists can safely launch attacks throughout the region...