On Aug. 20, CEO Sten Daugaard said in an interview with German business paper "Handelsblatt" that the airline will run out of cash by the spring of 2002, and that they will not be able to recover without a fresh capital injection.
Since it ain't gonna come from Swissair, what options does this leave LTU with?
Personally, I think the best solution would be, if Swissair sold their stake to British Airways and let them merge LTU with Deutsche BA (see my previous posting under "Bye Bye Deutsche BA"). This would finally create a serious competitor for Lufthansa. It's really hard to believe that a country as big as Germany, and with a deregulated aviation market, has only one major flag carrier.