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Swissair/SR Technics-- New Trouble?  
User currently offlineMarkBoston From United States of America, joined Oct 2001, 74 posts, RR: 0
Posted (12 years 10 months 3 weeks 4 days ago) and read 1355 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 10 months 3 weeks 3 days 19 hours ago) and read 1319 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 10 months 3 weeks 3 days 14 hours ago) and read 1304 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 10 months 3 weeks 3 days 12 hours ago) and read 1304 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, 4428 posts, RR: 0
Reply 4, posted (12 years 10 months 3 weeks 2 days 23 hours ago) and read 1276 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, 8114 posts, RR: 53
Reply 5, posted (12 years 10 months 3 weeks 2 days 23 hours ago) and read 1265 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 10 months 3 weeks 2 days 21 hours ago) and read 1249 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.


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