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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…

World zoo organisation sets up headquarters in Bern

This content was published on Sep 30, 2001 Dollinger, who has a five year extendable contract, told swissinfo one of his priorities was to try to establish what its members wanted from the World Association of Zoos and Aquariums. “We have national, regional and global institutions and we have to determine who is doing what type of work,” he said. “If zoos in…

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…

Traders to focus on Swissair restructuring

This content was published on Sep 30, 2001 Traders will certainly be looking for any news of more restructuring at the debt laden Swissair Group after its chief executive Mario Corti admitted last week to debts of between SFr16-17 billion ($10.0-10.7 billion). After he made a key announcement on the merger of Swissair and its regional airline unit, Crossair, last week, traders will…

Disabled travellers want better access to trains

This content was published on Sep 30, 2001 The rail company has launched a series of initiatives to adapt its facilities, and has hired more staff to aid wheelchair users, as well as those who are blind or deaf. But disabled groups argue that, above all, the federal train company needs to more quickly implement the measures for the estimated 500,000 disabled people…

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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

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“Rock’n rail” lures train buffs to Lucerne

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World zoo organisation sets up headquarters in Bern

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Neuchâtel wine festival blessed with sunny skies

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Swissair Group begins last-ditch talks

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Swiss trains: a blind man’s odyssey

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Traders to focus on Swissair restructuring

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Disabled travellers want better access to trains

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