Bankruptcy for Swissair??
Philippe Vigeral
Larry G a écrit dans l'article <9pdn74$hep8c$1@ID-
37509.news.dfncis.de> :
> I can't imagine this would be a good thing, losing a national flag carrier.
> Surely, wouldn't the Swiss government nationalize in this situation?
I don't know how much nationalization is consistent with Swiss
culture (I.e. as it could have been in France 20 years ago) ; If
something should be done to save Swissair, I'd rather imagine a
rescue by banks.
It is to note that Swissair holds about 50 per cent of Sabena,
the Belgian company, and of several small companies of Germany,
Italy and Poland, and it owes about one hundred million euros to
French company AirLib. Thus, these carriers are also in big
trouble now (most of them already were, actually).
> Is the European air market so integrated now, that a country could lose a
> national carrier, and still be able to have flight domestically within the
> country and travel abroad?
I don't know. Maybe. As you know, Switzerland is outside the
European union but she is a small country (by size) whose most
air flights go or come from other countries. I believe her
traffic could be taken in charge by others European companies if
it disappeared.
[XP europa union & europa.viages.transporto]
--
Philippe Vigeral
[fr,en,es]
Christian Feldhaus
I wrote:
> Since two major Swiss banks (practically the new owners of Swissair)
> plan to "restructure" the company, the parliament decided that there is,
> at this stage, no reason to intervene.
Well, today the governments decided to grant some sort of emergency
support: Swissair will get ~450 million CHF from the Swiss government,
Sabena can count on a ~130 million EUR loan from the Belgian
government...
Christian