Swisscargo to close down
Swisscargo, the cargo handling unit of the Swissair Group, is to fold at the end of March when Crossair assumes the role of the country's national carrier.
Crossair said on Wednesday that it intends to set up its own cargo business.
“The new airline cannot offer long-haul flights without having a good freight system,” said a company statement. It added that a team was working hard to establish the unit.
Swisscargo, which has been operating under court protection from creditors, said its 153 employees in Switzerland and 287 staff abroad would have their employment contracts cancelled at the end of March. It said it hoped as many as possible would be taken on by Crossair’s new business.
A decision on the size of the new unit will be taken when it becomes clear how much capital Crossair has at its disposal.
swissinfo with agencies
More
Meet the foreigners who make up a quarter of the Swiss population
More
Russian investigation confirms Putin’s son was born in Switzerland
More
The mystery of Switzerland’s surging imports of Uzbek and Kazakh gold
More
Switzerland’s struggle: balancing architecture, densification and heritage
More
Thawing permafrost decoded by breakthrough Swiss research
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.