A project to identify a viable business within a failed European airline operator and then secure agreement with stakeholders for the implementation of that plan
Sabena, the Belgian airline, went into liquidation in November 2001 following the effects on the airline industry of the September 2001 terrorist attacks. A consortium of banks and financial investors asked Arthur D. Little to develop a viable business plan for Sabena's regional airline business, Delta Air Transport.
Working with the management team we identified options for the business. Having quantified and documented the chosen option we then supported negotiations with the numerous stakeholders.
The stakeholders were able to agree the plan and services recommenced. We were subsequently asked to support the successful negotiations between DAT and Virgin Express, helping to define the strategic and organizational shape of the merged entity and acting as 'honest broker' during negotiations. We have subsequently assisted with the post-merger integration process.