Swiss airline Belair taken over by investment company SBC

Swiss airline Belair, formerly part of collapsed Air Berlin, has been taken over by German investment company SBC. SBC, based in Dusseldorf, said Monday it wanted flights to resume as soon as possible and former Belair staff would be offered their jobs back after it made a deal with Air Berlin’s administrators. A spokesman for SBC declined to say how much it paid for the airline, which had sales of around US$93.47m in 2016. The takeover is the latest chapter in the breakup of Air Berlin’s business, with Austrian Niki also attracting interest from fresh bidders. Around 200 Belair staff lost their jobs when it closed last year following the collapse of parent company Air Berlin. “We have laid the foundation for reactivating Belair,” said SBC board member Juergen Bremer. <br/>