Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Swissair/SR Technics-- New Trouble?  
User currently offlineMarkBoston From United States of America, joined Oct 2001, 74 posts, RR: 0
Posted (12 years 8 months 4 weeks 1 day 5 hours ago) and read 1331 times:



I've read that funding problems at SR Technics threaten to ground the Swisssair fleet again and may derail the rescue package put together last week. Can anyone shed light on this? Will the rescue package survive?



6 replies: All unread, jump to last
 
User currently offlineElal106 From United States of America, joined Jan 2000, 975 posts, RR: 4
Reply 1, posted (12 years 8 months 4 weeks 1 day ago) and read 1295 times:

SR Technics has announed that they will run out of cash in 2 weeks and they will have to declare bankruptcy.
I wonder what will happen with them.
Maybe a company will buy them?

good luck SR
elal106


User currently offlineElal106 From United States of America, joined Jan 2000, 975 posts, RR: 4
Reply 2, posted (12 years 8 months 4 weeks 19 hours ago) and read 1280 times:

I am sure Lufthansa would buy them...

User currently offlineDragonRapide From Belgium, joined Sep 2001, 133 posts, RR: 0
Reply 3, posted (12 years 8 months 4 weeks 17 hours ago) and read 1280 times:

The new Swissair - Crossair - Phoenix or whatever you wanna call it, anyway that airline's CEO said they needed SR Technics to survive. Without them its fleet would be grounded since it would be impossible to find another service taking over from SR Technics in 2 weeks time.
As I understood 2 options are available:
1/ Crossair takes over SR Technics
2/ Extra money goes to SR Technics, Swiss Governement apparently said no and declared it is up of the Canton of Zurich to provide the money.

Problem is that with the bailout package agreed for Swissair - Crossair, SR Technics was excluded; The banks apparently didn't want to give them money because they considered them not credit worthy.

That's all I know.


User currently offlineLj From Netherlands, joined Nov 1999, 4401 posts, RR: 0
Reply 4, posted (12 years 8 months 4 weeks 4 hours ago) and read 1252 times:

The swiss government will pull out of the Swissair rescue plan if there's no money within 24 hours for the support departments, according to the BBC.

http://news.bbc.co.uk/hi/english/business/newsid_1628000/1628104.stm

Regards
Laurens


User currently offlineCedarjet From United Kingdom, joined May 1999, 8045 posts, RR: 54
Reply 5, posted (12 years 8 months 4 weeks 4 hours ago) and read 1241 times:

It looks like they're all fucked.


fly Saha Air 707s daily from Tehran's downtown Mehrabad to Mashhad, Kish Island and Ahwaz
User currently offlineSR3496 From Switzerland, joined May 2000, 792 posts, RR: 20
Reply 6, posted (12 years 8 months 4 weeks 2 hours ago) and read 1225 times:

I heard tonight on the radio here in Switzerland that the Canton of Zurich won't pay for SRTechnics!!!

Now it's really gonna be difficult to avoid another grounding. But we'll see, let's hope that banks or companies will pay the money to SRTechnics.


Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
SR Technics Bankrupt--new Swissair In Trouble posted Sun Oct 28 2001 22:01:20 by Bove
JAL B747-146B/SR/SUD New Colour Scheme! posted Wed Jun 13 2001 03:42:42 by Airbus380
New Name For Swissair/Crossair? posted Thu Nov 15 2001 16:05:06 by Mik
New Chance For Swissair? posted Sun Nov 11 2001 18:33:15 by Teahan
Swissair / Crossair New Livery! posted Sun Oct 14 2001 18:22:26 by LH526
Swissair's New Fleet posted Tue Oct 2 2001 18:41:29 by B737-700
SR In Trouble! posted Tue Oct 2 2001 08:06:34 by CXCPA
Swissair, A Far Too Good Airline To Be In Trouble? posted Wed Sep 26 2001 08:31:27 by TR
New Dramatic Swissair Measures posted Mon Sep 24 2001 12:16:01 by Gibberish
New Fantasy Swissair Scheme posted Tue May 8 2001 20:01:24 by RyeFly