Charliecossie, Swissair will become all EU-rights (i.e. the different freedoms) within the next few years. So far, it doesn't count as EU airline.
BTW, almost any European airline became some financial helps during the last few years, when Swissair was already on their own. Remember Air France in 1997, or Alitalia, Iberia and certyinly some others. So, EU might after all say "don't let it happen again".
Just a detail: if Switzerland doesn't have a flag carrier anymore, then the service from and to Switzerland will not be as good anymore. There will be for sure much feeder traffic thru other hubs. Not all of the 50'000 people without a job will fins a new job.
Compare it with BRU after SN's end. BRU doesn't have the same number of direct flights anymore.
And as I said, other airlines are getting financial help right now, after Sep 11. Why not Swissair?
dominguez(dash)online(dot)ch ... Pushing the limits of my equipment