Teahan From Ireland, joined Nov 1999, 5339 posts, RR: 60 Posted (12 years 10 months 3 weeks 3 days 20 hours ago) and read 1467 times:
Today’s TDG reports that Air Switzerland’s Europe manager (previously the CEO of Swisswings), Markus Seiler has decided to quit. He even went as far as saying that he doesn’t believe the airline will ever take off.
Definitely bad news. I suppose the one thing Air Switzerland does have, for the moment at least, is financial backing.
Saab2000 From Switzerland, joined Jun 2001, 1621 posts, RR: 11
Reply 1, posted (12 years 10 months 3 weeks 3 days 16 hours ago) and read 1413 times:
I think that financial backing is exactly what they don't have. The BAZL is not going to let them fly because they cannot demonstrate long-term (or even short term) financial viability. I just wonder who paid the tens of millions already just to have 1 Dornier painted in their colors and never fly a single flight? What a fiasco!
I do not wish them badly. But I have heard it said before the fastest way to become a millionaire is to start out as a Billionaire and start an airline..
I think that this is another case of someone with lofty ambitions who did not know too much about airlines. They are black holes for money and it is more fun to watch sometimes than to be involved.
Teahan From Ireland, joined Nov 1999, 5339 posts, RR: 60
Reply 2, posted (12 years 10 months 3 weeks 3 days 14 hours ago) and read 1358 times:
Well they have been paying over 60 salaries since the 1st of July. I was also sure the 2 A340-300's were payed for? I thought the problem with the finances was they were not willing to disclose the names of the investors.