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Corti reveals rescue plan for ailing Swissair

This content was published on Jul 12, 2001 Placing the blame for Swissair’s financial woes clearly on the shoulders of his predecessor, Corti said the company would try to raise as much money as possible from asset sales. He said this would go some way towards shifting the mountain of debt accumulated by its disastrous expansion strategy abroad. He said Swissair would continue…