Banking & Fintech

Swissair pilots in shock at end of aviation era

This content was published on Oct 1, 2001 “We are all shocked and dismayed that the announcement was made so quickly and violently,” said Hannu Ruprecht, a Swissair pilot and spokesman for Aeropers, the Association of Swissair cockpit personnel. But in an interview with swissinfo, Ruprecht confirmed his union was “willing and able to negotiate a new contract.” “We are very curious about…

Crossair to replace Swissair as country’s flag carrier

This content was published on Oct 1, 2001 Under the plan, which Swissair Group accepted on Monday, the company will sell its holding in Crossair to Switzerland’s two biggest banks, UBS and Credit Suisse for about SFr260 million. In addition, Swissair will transfer many of its key European and long-haul routes to Crossair, which in effect will become the country’s flag carrier. The…

Swissair accepts banks’ rescue plan

This content was published on Oct 1, 2001 Swissair Group boss, Mario Corti, said the company had accepted the banks’ plan on Monday, ahead of a government meeting to decide whether to help save the group from bankruptcy. That meeting is still scheduled to go ahead. UBS and Credit Suisse put forward the rescue package on Sunday. The plan envisages providing SFr1 billion…

Swissair waits for a reprieve as bankruptcy looms

This content was published on Oct 1, 2001 Monday is being seen as a crucial day of reckoning for the ailing carrier which has run up debts of SFr17 billion ($10.5 million). It is in urgent need of a capital injection and has admitted that it doesn’t even have enough money to pay October’s salaries. On Monday, the airline’s reservation desk was warning…

SMI shake-up sees winners and losers

This content was published on Oct 1, 2001 On Friday, 29 companies were listed on the SMI’s Virt-x exchange platform in London. On Monday morning, EMS Chemie lost its blue chip status and its shares have been repatriated to trade in Switzerland. The food giant, Nestlé, saw its weighting in the SMI increase to 18.8 per cent against 17.4 per cent on Friday.…

Swissair considers banks’ rescue package

This content was published on Oct 1, 2001 The banks’ announcement came after the Swiss government had held a four-hour meeting with Swissair Group officials and some bank and industry representatives in Bern. UBS spokesman, Michael Willi, said Switzerland’s largest bank would provide 51 per cent of the capital needed under the proposed rescue. “We want Switzerland to keep its successful airline,” he…

“Rock’n rail” lures train buffs to Lucerne

This content was published on Oct 1, 2001 The Swiss Transport and Communication Museum has opened a new permanent exhibition, titled “Rock’n rail – Hightech Railways for the Future”. The interactive exhibition, aimed at families, focuses on the new trans-alpine tunnels now under construction, and on Switzerland’s efforts to join the European high-speed rail network. Computer simulators allow museumgoers to “control” traffic on…

Neuchâtel wine festival blessed with sunny skies

This content was published on Sep 30, 2001 Blue skies and warm temperatures attracted more than thirty thousand visitors to come out and celebrate the 76th annual wine festival in Neuchâtel this weekend. The event, which has been going since 1902, is famous for its floral floats as it is the only procession in Europe where they are decorated with real flowers. Hundreds…

Swissair Group begins last-ditch talks

This content was published on Sep 30, 2001 Two members of Switzerland’s cabinet, including the Swiss president, Moritz Leuenberger, and the finance minister, Kaspar Villiger, are taking part in the discussions in Bern, according to Daniel Eckmann, spokesman at the Federal Office for Finance. Also present at the meeting are Swissair Group officials, delegates from the economy and bank representatives. Swissair Group’s spokesman,…

Swiss trains: a blind man’s odyssey

This content was published on Sep 30, 2001 You couldn’t read the departures board, or the signs pointing to platforms. You couldn’t see whether you’re walking in the right direction, or into a wall. If you make it to the platform, you wouldn’t be able to see whether your train has arrived, or where the doors are. Thousands of blind people face this…

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Banking & Fintech

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Swissair pilots in shock at end of aviation era

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Crossair to replace Swissair as country’s flag carrier

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Swissair accepts banks’ rescue plan

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Swissair waits for a reprieve as bankruptcy looms

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SMI shake-up sees winners and losers

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Swissair considers banks’ rescue package

More

“Rock’n rail” lures train buffs to Lucerne

More

Neuchâtel wine festival blessed with sunny skies

More

Swissair Group begins last-ditch talks

More

Swiss trains: a blind man’s odyssey

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