MarkBoston From United States of America, joined Oct 2001, 75 posts, RR: 0 Posted (13 years 7 months 5 days 1 hour ago) and read 1567 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?
DragonRapide From Belgium, joined Sep 2001, 133 posts, RR: 0
Reply 3, posted (13 years 7 months 4 days 13 hours ago) and read 1516 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.