Swissair fined over Air Littoral

Air Littoral is holding Swissair to its promises Keystone Archive

A commercial court in France has ordered the defunct Swissair Group to pay SFr22 million to French carrier Air Littoral for failing to honour financial commitments.

This content was published on May 29, 2002 - 18:33

The French regional airline is pressuring the former Swiss national carrier and its former chairman, Mario Corti, to pay compensation for failing to make good on the last instalment of an agreement signed on June 30, 2001.

Last June, Swissair Group sold its 49 per cent stake in Air Littoral to former chairman Marc Dufour. As part of the transaction, SAirGroup was to inject SFr190 million into Air Littoral to help cover losses at the cash-strapped airline.

However, the Swiss company collapsed in October and never paid the last SFr15 million that was due on September 30.

A new national airline, called "swiss" was created to replace Swissair.

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