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Swisscargo to close down

Swisscargo is to fold Keystone Archive

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.

This content was published on January 17, 2002 - 10:02

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.

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