Belair is acquired by German investment company SBC

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Belair is acquired by German investment company SBC

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Belair Airlines AG (Zurich), formerly part of collapsed Air Berlin, has been taken over by German investment company SBC (Dusseldorf).

SBC stated 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 low-cost Swiss airline, which had sales of around 90 million Swiss francs ($93.47 million) in 2016.

Belair, like Airberlin, halted operations on October 28, 2017.