JoFMO
Topic Author
Posts: 1840
Joined: Wed Jul 14, 2004 1:55 am

Swiss Might Be Sold!

Thu Sep 23, 2004 2:17 am

German financial newspaper HANDELSBLATT reports that the Swiss financial minister Merz is thinking about selling SWISS!

http://www.handelsblatt.com/pshb/fn/relhbi/sfn/buildhbi/cn/GoArt!200012,200040,794678/SH/0/depot/0/

The airline could be sold for €194Million to another airline, and he mentione LH as a possible buyer.
 
JoFMO
Topic Author
Posts: 1840
Joined: Wed Jul 14, 2004 1:55 am

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 2:20 am

here is a Swiss source

http://www.ebund.ch/artikel_41407.html

Maybe somebody with mor finacial background could clarify the proposed capital expense.
 
WearyBizTrvlr
Posts: 57
Joined: Wed May 12, 2004 4:43 am

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 3:08 am

Based on the links supplied above, the story is as follows: Swiss needs more capital to survive, which means it'll go to its existing shareholders with a rights issue. Think of a it as a secondary IPO, where every existing shareholder can buy more new Swiss shares to maintain his stake, or decline to buy and see his original stake diluted. Merz is saying the Swiss government would participate, estimating the cost at CHF 60m, which is based on an estimated total capital injection of CHF 300m and prorated by the 20% that the federal Swiss government owns of Swiss (the airline). So it's a farewell gift from the Swiss government to the new shareholder.

The EUR 194m the original poster mentioned is the size of the capital injection, not the price tag for the 20% of Swiss shares. Shares now trade at CHR 7.85, with 52,670,405 shares outstanding. That values the 20% at around CHF 82.7m. Subtract the 60m above, and the Swiss government would only net CHF 22.7m from the sale.

Original Cash story at:
http://www.cash.ch/index.php?Id=110&tk=40&news_id=43893&kat_no=449

[Edited 2004-09-22 20:09:16]
Trudging around the world from AMS
 
JoFMO
Topic Author
Posts: 1840
Joined: Wed Jul 14, 2004 1:55 am

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 3:27 am

@WearyBizTrvlr

Thank you for your explanation. The NZZ has an good article and now I see a little bit clearer.

But the shocking think is that Swiss's main owner the state said that they are ready to sell them and even will give them a farewell present! The capital insection was the main point LH madein the past. That underlines that the givernment is really willing give them away.
Lets wait if LH react to the offer.
 
Unique
Posts: 1621
Joined: Fri Mar 14, 2003 12:48 am

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 1:24 pm

The Minister of Finance is not almighty! He is basically alone with his idea... Will see.
 
Andreas
Posts: 5880
Joined: Tue Oct 09, 2001 7:56 pm

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 4:42 pm

JoFMO: Please keep in mind that any acquiror of Swiss does have a lot of work to do and a lot of money to invest to turn this company around. Ergo the current shareholders can't exactly expect to make money with it...it's rather taking away debt and future expenses.

Actually I don't see any buyer but LH, but I said that a year ago, too, and that the Oneworld option was a no-go from the very beginning...BA just thought there's a nice way to get some Switzerland-England slots for (nearly) free. Nice try!  Big grin

Ok, maybe that'll bring them back to target Swiss, too, but for all those who'll scream blue murder when Swiss will become partly German: Keep in mind that BA will close down much more of Swiss operations than LH, because they have no need for it!

There's 3 options for Swiss as of now:

1. Sell it to whoever is willing to take it...candidates are rare!

2. Make it a second AZ, a disaster keeping on happening for decades!

3. Shut it down!
I know it's only VfB but I like it!
 
CV990
Posts: 4224
Joined: Sat May 22, 1999 3:49 am

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 5:53 pm

Hi!

Knowing well the swiss people and getting their feedback about SWISS issue I still don't believe SWISS will be sold to LH. There's a lot of ideas and a lot of bad publicity behind this deal and my feeling is that some "powers" are trying to come up with this so they can receive SWISS almost free of charge. I don't believe that and I still believe that SWISS have "2 legs" to walk nicely from this situation, and the results prove it. Now I know that if someone anticipates that buy the buyers will be very happy, but in the oposite way if SWISS waits to show to the media the good results they expect to have from 2004 operations I'm positive people will looks to this outstanding airline with different eyes.
I really don't like the idea of seeing SWISS losing his identity to LH!!!!
regards
CV990, the Maserati of the skies!
 
FlySwiss
Posts: 406
Joined: Mon Jul 07, 2003 8:45 pm

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 5:59 pm

Already some parties don't agree that the government will put CHF 60m into Swiss only for selling the airline.
Simle at the world and the world smiles back :)
 
jamesvf84
Posts: 129
Joined: Tue Sep 16, 2003 5:18 pm

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 6:25 pm

I agree with you CV990

I do not think that the Swiss taxpayers will see a kind eye in selling "their" airline to LH! Especially since the investment was considerable from the start.

I am wondering if the Government is not playing cat and mouse with the board of directors or trying to light a fire under them. For the moment the board of directors seem to be doing an "bad to adequate" job, but it gets worse when they award themselves bonuses for the good results at the end of the year!

As for BA, I would prefer Swiss to be sold to them as LH would drastically reduce traffic out of ZRH! Now that the airport is supposed to be the hub for Swiss this would also mean a drastic reduction in aircraft and crews!

James
 
CV990
Posts: 4224
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RE: Swiss Might Be Sold!

Thu Sep 23, 2004 6:33 pm


Hi Jamesvf84.

You got an excelent point when you reveal the issue about traffic at ZRH. Who is infact struggling ZRH? Is Germany!!! Why they are doing that? because they have an eye in SWISS and they know if swiss people give up they will come have "The Savior" to clear out all those problems in ZRH and with SWISS and then what's the end? ZRH will be a hub SMALLER than LIS!!!! I understand perfectly that this is a political matter, not a civil aviation matter. Those of us that know " a little on this" see the "real picture"!
Regards and good point!!!
CV990, the Maserati of the skies!
 
BestWestern
Posts: 7197
Joined: Fri Sep 08, 2000 8:46 pm

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 6:40 pm

BA could buy it, but since they already extracted basically all LX's LHR slots already, there is probably no reason to!

And BA have the cash from the QF sale, and are on the hunt for an acquisition. EI SN AY LX IB <- which gives most return for investment?

AY or IB probably... Let LH buy LX and SN... AF buy EI lots of feed traffic potential...
You are 100 times more likely to catch a cold on a flight than an average person!
 
jamesvf84
Posts: 129
Joined: Tue Sep 16, 2003 5:18 pm

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 6:42 pm

Hello CV990

Thanks for the comments, well I know for starters that the landings and takeoffs present some political issue, and due to German political pressure the planes now land as of 6 in the morning from the Swiss side! (I can't remember the exact debate, I am sure other Swiss A.netters have better info) So the habitants of Glattbrugg and Kloten are not too pleased.

It was the only option as the Germans would have restricted their airspace and then that would have been mayhem for ZRH. Basically the Swiss government gave into the German wishes and did not bother about the Swiss people! Shame but it allows ZRH to be more flexible with the landings and take offs!

I just keep my fingers crossed that somehow Swiss will manage to pull through and thrive....the years will tell!

Cheerio CV990  Smile
 
Andreas
Posts: 5880
Joined: Tue Oct 09, 2001 7:56 pm

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 7:10 pm

James: As for BA, I would prefer Swiss to be sold to them as LH would drastically reduce traffic out of ZRH! Now that the airport is supposed to be the hub for Swiss this would also mean a drastic reduction in aircraft and crews!

Please elaborate, since this statement is completely illogical!

The discussion about take-off and landing times has nothing to do with LH-Swiss. As you probably don't know LH was fully privatized years ago, German government has no say anymore and discussions about insurance problems indicate clearly that there is no link between LH and the German government.

btw: If I were consultant to LH I would raise several questions about acquiring Swiss...stand aside to let it go belly-up seems to be a better solution, though the race for some interesting slots may then cost some money.
Fact is: Politics and some completely moronous patriotism should have no say in business, aviation is business, it's all about money and there is a probability that LH, should they acquire it, would liquidate Swiss if it doesn't pay out.
I know it's only VfB but I like it!
 
Unique
Posts: 1621
Joined: Fri Mar 14, 2003 12:48 am

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 7:30 pm

Politics and some completely moronous patriotism should have no say in business

Andreas, I basically agree! Politicians definitely shouldn't be involving themselves in airport operations as they've no clue. The patriotism, however, can also called economical necessity! Swiss economics need a lot of connections to the rest of the world. Without LX, that's difficult to achieve unless there's a coequal successor.
 
Andreas
Posts: 5880
Joined: Tue Oct 09, 2001 7:56 pm

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 7:49 pm

Unique:

Correct, Switzerland definitely needs to be connected, but then I wonder why Swiss and, before that, Swissair, didn't work out. (Of course I know why it didn't work out, disastrous management performance comes to mind). Still, it doesn't work, and quite a few business travellers prefer to fly AF, BA, LH to get to ZRH.

The patriotism you mentioned is imho not the correct wording...it's, as you correctly said, economic necessity...if something is necessary, people are willing to pay for it, and it'll work. The sort of patriotism I had in mind is that unpleasant one that yells paroles and does NOT look at economics, throwing money out of the window just to be "patriotic". (good example right now: AZ)

Trust me, I know what I'm talking about (being German). LH was in a similar situation at the beginning of the 90ies, and many other institutions still are, sadly.
I know it's only VfB but I like it!
 
RJ100
Posts: 3895
Joined: Wed Nov 22, 2000 1:37 am

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 8:12 pm

Honestly, I couldn't care less if they sell it to Lufthansa or not.

If you open the newspaper you see that companies get sold to foreign companies every day. On the other side, Swiss companies buy foreign companies.

I don't know why Swiss still gets treated differently by the people, media, government...

Regards,
RJ100
none
 
jamesvf84
Posts: 129
Joined: Tue Sep 16, 2003 5:18 pm

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 8:27 pm

Sorry Andreas,

My wording may have been too narrow minded.

"As for BA, I would prefer Swiss to be sold to them as LH would drastically reduce traffic out of ZRH! Now that the airport is supposed to be the hub for Swiss this would also mean a drastic reduction in aircraft and crews!"

What I meant to say was; should LH acquire Swiss then why have Swiss flights out of ZRH when Stuttgart and Munich, big airports, are in such close proximity and can handle the extra traffic and keep their airports busy.

Should LH decide to acquire Swiss then it would be expected that the Swiss fleet and staff would be reduced.

I did not know about LH being privatized a few years ago. But then here is my question? Seeing as the German LH has no ties to the political arena then why all the fuss by the German government regarding the airspace around ZRH. They have nothing to gain....or do they?

As for the fact you mentioned that "Fact is: Politics and some completely moronic patriotism should have no say in business, aviation is business, it's all about money and there is a probability that LH, should they acquire it, would liquidate Swiss if it doesn't pay out." I would have a few comments regarding this.

First, in my opinion it is ALL about politics nowadays....especially when it concerns flag carriers! Unfortunately patriotism does play a role as Unique pointed out

Second: aviation is business, correct but how do you answer for the Boeing subsidies and the Airbus backing by governments?

As for the liquidation I could not agree more, common sense really.

I do not want to stray too far from the thread it was just I deemed necessary to answer your comments, thanks

James
 
Andreas
Posts: 5880
Joined: Tue Oct 09, 2001 7:56 pm

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 8:47 pm

James,

ok, a lot of points, i'll stick to a few main ones:


Seeing as the German LH has no ties to the political arena then why all the fuss by the German government regarding the airspace around ZRH. They have nothing to gain....or do they?

Actually I have no idea, but even if there were ties between gov. and LH I couldn't see the point why this would favor LH.

As for BA NOT reducing Swiss as much as LH, read my comment above (my 1st post): Actually I'd suspect it would be the other way round since I don't really see what BA could do with Swiss except feeding feeding feeding and of course domestic routes.

Politics: Yes I fully agree, now it was me that was hard to understand, sorry! What I mean is. Let politics out of it and you'll be able to reach a decision that is founded, politics included, and you have a mess that costs millions and billions of cash leading exactly nowhere.

And again, the sort of patriotism Unique mentioned is absolutely ok, because it is the "economical" thing to do, but to fork out cash to keep a (flag-carrying) basket-case alive is nonsense.

Regards

A.
I know it's only VfB but I like it!
 
jamesvf84
Posts: 129
Joined: Tue Sep 16, 2003 5:18 pm

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 9:02 pm

Andreas,

With regard to the ties (if they exist) between LH and the Gov. I would have thought that any push from the Gov to bother Swiss would be of some sort of gain to LH (in the long run maybe).

With consideration to your post I can see your point of view regarding BA reducing Swiss. You are probably in the right track there, I will grant you that.

As for the politics, well good to know that we both agree on the mess that it sheds out, it would be great to see aviation in it's purest: flying for passengers and not for the politicians!

Thanks for the info on LH

Regards  Smile

James
 
Andreas
Posts: 5880
Joined: Tue Oct 09, 2001 7:56 pm

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 9:04 pm

My pleasure  Smile

As can be seen, sometimes, unfortunately just sometimes, discussions on controversial topics remain rather civilised and pleasant, if certain members keep out  Big grin Big grin
I know it's only VfB but I like it!
 
jamesvf84
Posts: 129
Joined: Tue Sep 16, 2003 5:18 pm

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 9:11 pm

You are welcome!  Smile

Good to have a debate, even a bit heated at times if it is required, but civil it should remain!

I am fairly new here so I assume you have had the bad experience or two! Big grin

Cheerio
 
Andreas
Posts: 5880
Joined: Tue Oct 09, 2001 7:56 pm

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 9:18 pm

Ahem...more like 3 or 4 Big grin

Just do yourself a favour and stay out of A vs. B threads...it's stupid, it doesn't serve any purpose and it isn't even funny!

And if someone calls you "pinko-commie socialist surrender monkey Eurowhiner", just call him Bushiwhiner or ignore him completely, it's usually nothing personal  Big grin Big grin
I know it's only VfB but I like it!
 
jamesvf84
Posts: 129
Joined: Tue Sep 16, 2003 5:18 pm

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 9:25 pm

I shall follow your advice!

From what I have seen so far the A vs B threads are so long that by the time you finish your reply to one obnoxious person, another 3 more people have replied!

I just love planes, so I have no real preference if it is A or B. As for the Bushiwhiner comment I do not think I would respond in that manner  Smile

I would have to choose my words carefully! Wink/being sarcastic
 
Andreas
Posts: 5880
Joined: Tue Oct 09, 2001 7:56 pm

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 9:39 pm

Actually the latter comment is aimed at certain verbal practices on the non-av Forum though occasionally these people come over here, especially on A vs. B or other threads that include certain America vs. Europe aspects...ahem  Big grin Big grin
I know it's only VfB but I like it!
 
jamesvf84
Posts: 129
Joined: Tue Sep 16, 2003 5:18 pm

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 9:51 pm

Andreas or anyone else

Getting back to this thread, if LH bought Swiss (this is a hyperthetically speaking, of course  Smile ), and with the current status of UA, would not the other members of Star Alliance have something to say about this as LH would have to invest in this project?

As I am not sure how this works, if Swiss does come under LH's wing would they become automatically part of Star Alliance?

[Edited 2004-09-23 15:11:15]
 
JoFMO
Topic Author
Posts: 1840
Joined: Wed Jul 14, 2004 1:55 am

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 10:30 pm

@Jamesvf84:

I wouldn't say automatically. But it depends a lot how this buy-out would look like. As I see it Swiss would keep its brand and its airline code. And LH would only hold a minority stake (~49%) due to bilateral traffic rights.

That would result in a similar situation as with SQ and VS. And VS has no ties with Star.

But we could also think about different results. LH could also try a one-code strategy like OS did when they acquired Lauda. Under an one-code strategy Swiss would have to be an Star member.

So its still not clear would effect an LH acquisition of Swiss would have.
 
Andreas
Posts: 5880
Joined: Tue Oct 09, 2001 7:56 pm

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 10:38 pm

Interesting question!

Not automatically I guess, at least in the case of a minority shareholding.

In the case of LH buying 50% plus golden vote...not automatically either. I guess it depends on the sort of agreement LH enters when acquiring Swiss. I would expect them to negotiate some sort of call option on the rest of the shares at least until they get a shareholding large enough to grant access to cashflow, or better, to perform a squeeze-out.

If you look at LH history, they were never big on shareholding but rather tried to set up alliances/codeshares/bilaterals etc. This changed only recently. In the case of Swiss, I'd expect them to go for full Monty in order to do whatever they plan to do IF they decide to make a bid.

Then, but only then I'd think that Swiss would become a Star Alliance meber quite soon. But that's just guessing!
I know it's only VfB but I like it!
 
CV990
Posts: 4224
Joined: Sat May 22, 1999 3:49 am

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 10:53 pm


Hi!

I've been following the debate between a german enthusiast and a swiss enthusiast. Now it's time for an "outsider" from southern Europe to give some words. I've been involved in swiss culture since 1979, I'm glad and I feel proud that during all this time I've been exposed to this culture and I have to say.... I like the swiss people think!!! These guys are spectacular the way they see Europe and the way they think about Europe! I'm affraid to say that more and more I think they're right! I guess the problem is the fact that European Union always expected Switzerland to join the EU and they just flipped over! And this looks that it pays.... this country is struggling and it's unfair, this was just the introduction from politics, now lets talk about airlines. SWISS have all the conditions to keep going, look to KLM, TAP, Iberia.... why thye keep going? Because they belong to EU, the market favours those thta "belong to the club"..... SWISS is BETTER than all of those, so why they had such a hard time? Because they're an outsider.... Norway is also an outsider but the flag airline of Norway is a charter airline Braatens, so it's ok, no big fuzz, but SWISS is a big airline that EU wants to close, why? Because it's doing a lot of noize to EU market.
In the end, yes! It's true, it's all about politics and it's too sad!
regards
CV990, the Maserati of the skies!
 
Beaucaire
Posts: 3888
Joined: Sun Sep 14, 2003 4:48 am

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 11:00 pm

I mentioned in the thread about Swiss not joining Oneworld,that they should try to team up with Emirates and Malaysian-it would be a small but quality alliance-Emirates and Malaysian would have a european partner and the networks don't overlap ..
Honestly I don"t think LH is very interested in Swiss nor AZ - their fouc is on China and India currently !
Please respect animals - don't eat them...
 
Andreas
Posts: 5880
Joined: Tue Oct 09, 2001 7:56 pm

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 11:12 pm

Beaucaire:
Why does Emirates need a European feeder? Basically all European carrier do fly to Dubai, which is a very profitable route given the increasing number of tourists? Besides Emirates does have an extensive network in Europe to bring pax to Dubai and from there onwards. Given these facts they are still very reluctant to become member to any alliance!

As for Malaysian: I don't think Swiss and Malaysian fit well...true, not much of a network overlap, but what sort of passenger do you have in mind to fill up the aircraft?
I know it's only VfB but I like it!
 
Beaucaire
Posts: 3888
Joined: Sun Sep 14, 2003 4:48 am

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 11:21 pm

Andreas

there are about 50-60 mid-size european airports without direct flights into Dubai- so passengers from those platforms will have to fly either first to -say Paris,Dusseldorf, London or Zurich to get onto a flight to DBX- if they are routed through Zurich and/or geneva onto a EK flight that makes sense?
As to Malaysia they don't really have a strong european partner airline as of yet so again Swiss can feed for them onto their long-haule trips to KUL.
Please respect animals - don't eat them...
 
Andreas
Posts: 5880
Joined: Tue Oct 09, 2001 7:56 pm

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 11:32 pm

Of course that does make sense, only: most other carriers do this as well, in Germany you get a train ticket to FRA at extremely low cost if you purchase a Emirates ticket...so Swiss would just be another carrier feeding Emirates flights. And what would they get in return?

Malaysian: yes indeed, they need a European partner, agreed, but I don't see the point in chosing Swiss, but of course some sort of codesharing might indeed be profitable. But then there is the question of survival of Swiss again, people get nervous when they hear they're on codeshare with a company that might cease to exist. Remember the way Swissair went out of market? There was a lot of damage done in terms of image, reliability mostly!
As for feeding Malaysian in ZRH: Yes, I agree!
I know it's only VfB but I like it!
 
JoFMO
Topic Author
Posts: 1840
Joined: Wed Jul 14, 2004 1:55 am

RE: Swiss Might Be Sold!

Thu Sep 23, 2004 11:33 pm

Malaisia might need a European partner but Swiss is too small for them. They need an global alliance with a strong European partner.

And for Swiss Malaisia is too small too. They couldn't deliver them the needed feed dor their European operation.

The EK option sound better to me because it bring both partners more feed and an presence in tertiary and secundary Europena markets for EK. But I still have doubts.

Tell me what you want, I believe in the former Swiss CEO who wrote in his new book: the only sensible option for Swiss is LH!
 
Rafabozzolla
Posts: 968
Joined: Sun Apr 30, 2000 1:27 pm

RE: Swiss Might Be Sold!

Fri Sep 24, 2004 12:23 am

Here is a thought,

Why don´t merge SWISS and Alitalia, maybe even linking them up with USair and Varig?
 
SwissA330
Posts: 550
Joined: Fri Mar 01, 2002 8:23 am

RE: Swiss Might Be Sold!

Fri Sep 24, 2004 7:00 am

Atão pa?
Isto agora ta em Português??  Smile

You will never be able to join Alitalia and Swiss... It's kinda like merging Mercedes and Fiat... (I'm not implying that one is better than the other in any way, they are just plain different... Ok, maybe the cars are a bad example, but you get the point..).

And I suppose the Swiss people would then rather sell it to LH than to AZ or merge with them  Smile/happy/getting dizzy

Hmm, but then again, they joined with sabena once upon a time...  Smile/happy/getting dizzy

Greetings e um Abraço aos lusófonos
swissair/+/ we care
 
jamesvf84
Posts: 129
Joined: Tue Sep 16, 2003 5:18 pm

RE: Swiss Might Be Sold!

Fri Sep 24, 2004 3:10 pm

Interesting comments about EK, I agree with Swissa330 and think it is safe to say that given the surrent state of Swiss, a merger with AZ is out of the question.

Beaucaire: Thats an idea : EK , LX and Malaysian for an alliance, never thought of that!

Andreas: You have another good point about Swiss not worth being a Europeen feeder for EK. However they may find a compromise. I mean I flew Swiss to Nice on a BAe Jumbolino and 2 hours later a B777-200 from Emirates takes off!  Smile I wonder who needs whom!? Big grin

But there is something that I think the two have in common, they are both outsiders (no alliances), both trying to maintain the luxury airline status, also given the fact that Geneva and Switzerland seem to have close ties to the Middle East I would suspect that this would favour an allaince. Not to mention that Ethiad, EKs main competitor is soon to be launching direct flights out of Abu Dhabi to GVA. Why not Swiss fly direct from GVA to DXB?!

CV990: I am not Swiss!  Smile I just love the airline!
 
CV990
Posts: 4224
Joined: Sat May 22, 1999 3:49 am

RE: Swiss Might Be Sold!

Fri Sep 24, 2004 5:42 pm


Hi guys!

Jamesvf84 - Good to know that you like the airline and you-re not swiss, it's like me. I notice that you live in Lausanne... I have great memories about this city, beautifull globally but with lovery suronds, specially the Lake Leman and the french Alps. I lived there 2 months in 1979, at StadtMission. I passed again by train from Bern to Geneva Airport a few weeks ago and this city always makes me very nostalgic!

Rafabozzola - Yes you're right "nobody is good prophet at home"! I personally hope that Varig will return to the days that made them one of the best airlines in the world in service! I had that taste in 1980 when I flew from LIS to AMS in a RG 707 PP-VJH, great times!

Swissa330 - Great to know that you also speak portuguese, I've seen quite a few and I must say I'm impressed, I wish I could speak swiss german!!!
regards
CV990, the Maserati of the skies!
 
RJ100
Posts: 3895
Joined: Wed Nov 22, 2000 1:37 am

RE: Swiss Might Be Sold!

Sat Sep 25, 2004 1:35 am

Swiss has just announced that they will get a CHF325 million credit from the banks!

RJ100, who is flying on Swiss tomorrow  Big grin
none
 
SwissA330
Posts: 550
Joined: Fri Mar 01, 2002 8:23 am

RE: Swiss Might Be Sold!

Sat Sep 25, 2004 3:02 am

@CV990
Well, after 18 Years in Portugal, I should be able to speak it  Big grin
I was practically born there, but now I live in ZRH...
swissair/+/ we care
 
CV990
Posts: 4224
Joined: Sat May 22, 1999 3:49 am

RE: Swiss Might Be Sold!

Sat Sep 25, 2004 5:06 pm


Hi Swissa330!

Wise man, wise man!!!! Good to know that! Anytime you come back let me know ( my e-mail is on my prophile, just drop a line before you come...), we'll celebrate having a portuguese Cozido a Portuguesa in a restaurant that I know pretty well ok?
Regards and bom fim de semana.
CV990, the Maserati of the skies!

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