teahan
Posts: 4992
Joined: Sun Nov 21, 1999 11:18 pm

Turbulence At Air Switzerland

Thu Sep 12, 2002 2:48 am


Hello,

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.

Jeremiah

http://www.groups.yahoo.com/group/Swissair
Goodbye SR-LX MD-11 / 6th of March 1991 to the 31st of October 2004
 
saab2000
Posts: 1216
Joined: Thu Jun 21, 2001 6:19 pm

RE: Turbulence At Air Switzerland

Thu Sep 12, 2002 6:23 am

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..  Smile/happy/getting dizzy

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.

Hopefully my own company SWISS will survive.  Smile/happy/getting dizzy
smrtrthnu
 
teahan
Posts: 4992
Joined: Sun Nov 21, 1999 11:18 pm

RE: Turbulence At Air Switzerland

Thu Sep 12, 2002 8:33 am

Hello,

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.

Jeremiah

http://www.groups.yahoo.com/group/Swissair
Goodbye SR-LX MD-11 / 6th of March 1991 to the 31st of October 2004
 
Thomas_Jaeger
Posts: 2204
Joined: Fri Apr 26, 2002 5:35 pm

RE: Turbulence At Air Switzerland

Fri Sep 13, 2002 5:51 am

They didn't buy any A340-300 until today, this was just untrue.
Swiss aviation news junkie living all over the place
 
teahan
Posts: 4992
Joined: Sun Nov 21, 1999 11:18 pm

RE: Turbulence At Air Switzerland

Fri Sep 13, 2002 6:10 am

Thomas,

Did they at least pay deposits on them?

JT
Goodbye SR-LX MD-11 / 6th of March 1991 to the 31st of October 2004
 
Thomas_Jaeger
Posts: 2204
Joined: Fri Apr 26, 2002 5:35 pm

RE: Turbulence At Air Switzerland

Fri Sep 13, 2002 1:56 pm

They at least talked to Boeing about the aircraft, however, they didn't buy any aircraft yet, they just leased three Do328s.
Swiss aviation news junkie living all over the place

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