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Swiss billionaire pledges SFr200 million for new national airline

This content was published on Oct 13, 2001 The partial rescue plan, put together by Switzerland’s two largest banks, UBS and Credit Suisse, is supposed to see the regional carrier, Crossair, take over many of Swissair’s routes at the end of the month. But Haefner said he hoped his gesture would encourage other Swiss millionaires to come forward and offer more donations to…

Fears grow for future of national airline

This content was published on Oct 13, 2001 At the beginning of the week, the group’s chairman, Mario Corti, told shocked staff at a meeting in Zurich that 9,000 jobs would have to go if the airline was to continue operations until Crossair was ready to take over. But by Thursday, severe doubts had emerged about whether the rescue plan could go ahead…

Swiss Re hosts conference on greenhouse gas reduction

This content was published on Oct 13, 2001 “We must keep in mind that the entire world is watching,” said Peter Forstmoser. “They are watching how business reacts to the call to address reductions in its emissions of greenhouse gases.” Swiss Re hosted the two-day conference at the company’s Centre for Global Dialogue in Rüschlikon. Among the speakers was Maurice Strong, a senior…

Swiss tourism feels effects of September 11 attacks

This content was published on Oct 13, 2001 “We asked Zurich hotels and they said they had a decrease of 20 per cent in overnight stays [in September],” Hans Ruedi Huber of the Swiss Hotels Association told swissinfo. “We need to watch this and see how it develops across Switzerland.” In reaction to the dip in visitor figures, Switzerland Tourism, an independent body…

Politicians favour government stake in new Crossair

This content was published on Oct 12, 2001 After meeting on Friday, representatives of the Radicals, Christian Democrats and Social Democrats declared Switzerland needs a national carrier guaranteeing intercontinental flights. “If no company is prepared to take over from Swissair, the country will suffer a severe economic crisis,” said Christiane Brunner, president of the Social Democratic Party. The three parties believe the Confederation…

Air force helicopter crashes above Crans-Montana

This content was published on Oct 12, 2001 The Alouette III had left Sion airport early in the afternoon after refuelling, heading back to the military airbase in Payerne, canton Vaud. Local police said the accident happened near Mount Bonvin, about 500 metres from the Plaine-Morte cable car terminal. The helicopter hit a cable used for transporting anti-avalanche explosives, and caught fire when…

Receiver vetoes bridging loan for Swissair subsidiaries

This content was published on Oct 12, 2001 The loan, agreed on October 1, was designed to allow Swissair to keep flying until October 28, when the regional subsidiary, Crossair, is due to take over many of the airline’s aircraft and routes. But without the support of key airline-related units, Swissair may not be able to remain airborne. The administrator, Karl Wüthrich, said…

Switzerland receives hearty praise for organic farming

This content was published on Oct 11, 2001 Their findings came as the Federal Agriculture Office announced that nearly ten per cent of agricultural land in Switzerland is now farmed organically, compared to a European Union average of four per cent. Jost Haar, chairman of the Swiss Agricultural Research Council, an independent body funded by the Swiss government, said the team of scientists…

Crossair casts doubt over salvage plan for Swissair

This content was published on Oct 11, 2001 A taskforce consisting of representatives from the Swiss government, banks and Crossair is to meet on Sunday, when analysts expect changes to an October 3 deal under which Crossair was set to obtain two-thirds of Swissair operations. On Thursday, cracks appeared to be forming in the SFr1.4 billion ($857.8 million) bank rescue deal as Crossair,…

Relatives of Luxor victims receive final compensation

This content was published on Oct 11, 2001 The Federal Office for Police said the remaining SFr876,000 ($536,440) had been paid, thereby ending the indemnification process. The two travel operators, Hotelplan and Imholz, as well as the insurance companies Zurich and Winterthur had contributed to the fund, but declined any responsibility in the incident. The money was supposed to cover financial losses not…

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Swiss billionaire pledges SFr200 million for new national airline

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Fears grow for future of national airline

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Swiss Re hosts conference on greenhouse gas reduction

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Swiss tourism feels effects of September 11 attacks

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Politicians favour government stake in new Crossair

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Air force helicopter crashes above Crans-Montana

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Receiver vetoes bridging loan for Swissair subsidiaries

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Switzerland receives hearty praise for organic farming

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Crossair casts doubt over salvage plan for Swissair

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Relatives of Luxor victims receive final compensation

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