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Why SR Resumed Flights As LX And AZ As AZ?  
User currently offlineF.pier From Italy, joined Aug 2000, 1524 posts, RR: 9
Posted (5 years 8 months 4 days 7 hours ago) and read 1618 times:

When Swissair ceased operations a new airline took over the business, but it had to change IATA codes (LX instead of SR), brand (Swiss International Airlines instead of Swissair) and livery.
Alitalia ceased operations on jan the 12th, the next day a new airline began flight, but it has the same code (Alitalia), the same name (Alitalia), the same livery.
Is there a specific reason?

3 replies: All unread, jump to last
 
User currently offlineLXM83 From Switzerland, joined May 2005, 610 posts, RR: 5
Reply 1, posted (5 years 8 months 4 days 7 hours ago) and read 1579 times:



Quoting F.pier (Thread starter):
but it had to change IATA codes (LX instead of SR)

Well, Crossair (LX) took over routes, aircraft and staff from bankrupt Swissair (SR). Crossair was later renamed Swiss International Air Lines but kept it's LX code.

The reason for not renaming Crossair to Swissair was to avoid any connection between the bankrupt Swissair and the renamed Crossair. It was feared creditors could try to block assets of the new company to cover their debts in the bankrupt Swissair.

Don't know why in the case of AZ it was done differently. Maybe because the losses of any creditors were not as high and not as unexpected?


User currently offlineZRH From Switzerland, joined Nov 1999, 5568 posts, RR: 36
Reply 2, posted (5 years 8 months 4 days 7 hours ago) and read 1560 times:

Because AZ did not go officially bankrupt (although they in fact were) like SR did. They tricked something in Italy and the state took over the bad assets while the "new" company could begin without them.

User currently offlineME AVN FAN From Switzerland, joined May 2002, 13920 posts, RR: 25
Reply 3, posted (5 years 8 months 4 days 7 hours ago) and read 1547 times:



Quoting LXM83 (Reply 1):
why in the case of AZ it was done differently

-
Swissair went into "Nachlass-Stundung" (bankruptcy -- Chapter 11 -- but far stricter than the US solution) and so could not continue in business. In case of Alitalia, things were done which in 2002 were refused by both the banks and the federal government in Switzerland.


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