Internal: Archive

Swissair returns to skies after government intervention

This content was published on Oct 4, 2001 Hours after Swissair jets took to the skies following a 48-hour grounding of the airline’s fleet, the commission released a statement in which it expressed its “concern that the Swiss government felt able to give aid without consulting with EU authorities”. The emergency cash injection announced on Wednesday by the Swiss finance minister, Kaspar Villiger,…

Swiss punish banks after Swissair debacle

This content was published on Oct 4, 2001 Urs Ackermann, spokesman for Zurich Cantonal Bank (ZKB), Switzerland’s third largest bank, said he has noticed “a growing number of UBS customers who are closing their accounts following the bank’s dealings with Swissair” and choosing to deposit their money elsewhere. In an interview with swissinfo, Ackermann said the country’s two biggest banks “had simply not…

Passengers await Swissair news after frustrating delays

This content was published on Oct 4, 2001 The crisis at Swissair this week affected almost 40,000 passengers worldwide and left thousands stranded at airports around the globe. Many customers were confused and angry at their treatment by Swissair and upset by the lack of help to get home. One woman, en route with her family to their home in Perth, Australia expressed…

Unions fear massive job losses at Swissair

This content was published on Oct 4, 2001 “If you take into account peripheral activities such as maintenance, ground assistance and freight, we are expecting 4,000 jobs to be lost in Switzerland,” Richard Dunkel, president of PUSH, an in-house union, said on Tuesday. Added to the previously noted 3,000 jobs cut from in-flight caterer Gate Gourmet, a total of 7,000 people could see…

The British roll into Morges

This content was published on Oct 4, 2001 Old Austins and Rolls-Royces, racing Jaguars from the 1960s and Bentleys will motor into Morges to take part in the “10th Classic British Car Meeting” on October 6. The organiser of the event, Keith Wynn, describes classic British cars as “one of the isle’s most formidable exports, as witnessed by the large number of them…

Swissair shares collapse as trading resumes

This content was published on Oct 3, 2001 Trading of Swissair Group shares had been suspended for two days and after resuming on Wednesday morning, the share price fell 97 per cent to SFr1.40 within minutes of the session’s opening. The shares rallied slightly during the day to reach SFr7.99, but never came close to their previous close of SFr41.05. The collapse came…

Shareholders steam as Swissair collapses

This content was published on Oct 3, 2001 At the close of business, the share price recovered a little to finish at SFr6.50, down 84.2 per cent on Friday. The collapse of the Swissair Group’s share price surprised nobody, but that didn’t cushion the blow to investors. As a symbol of national pride, Swissair has always provided a natural home for a deep…

Luck and persistence equals Nobel success

This content was published on Oct 3, 2001 “In the perception of the general public, it makes you a different person,” said Zinkernagel, who has worked at the university’s institute of experimental immunology for the past 22 years. “It opens up new possibilities to talk about science and to communicate the special qualities of science to a wider audience. You become a public…

Swissair crisis pushes Sabena into bankruptcy

This content was published on Oct 3, 2001 Belgium’s employment minister, Laurette Onkelinckx, said on Wednesday that Sabena was seeking bankruptcy protection from a commercial court so it could keep flying for the moment. “It is a concordat or bankruptcy. There are no other choices,” he said. A concordat is the Belgian equivalent of Chapter 11 bankruptcy protection in the United States. The…

Airline debacle harms Swiss image

This content was published on Oct 3, 2001 Switzerland no longer signifies reliability, wrote Le Temps, a French-language daily, in its Wednesday edition. The image of Swissair’s failure is now ingrained in the public consciousness. Zurich’s prestigious Neue Zürcher Zeitung took a similar view, saying that the Swiss image of seriousness and readiness may no longer apply. Shareholders, airline customers and even the…

Internal: Archive

Popular Stories

Most Discussed

Internal: Archive

More

Swissair returns to skies after government intervention

More

Swiss punish banks after Swissair debacle

More

Passengers await Swissair news after frustrating delays

More

Unions fear massive job losses at Swissair

More

The British roll into Morges

More

Swissair shares collapse as trading resumes

More

Shareholders steam as Swissair collapses

More

Luck and persistence equals Nobel success

More

Swissair crisis pushes Sabena into bankruptcy

More

Airline debacle harms Swiss image

Popular Stories

Most Discussed