chepos wrote:Nicknuzzii wrote:B777LRF wrote:The Swiss government have allegedly refused to bail out Swiss, on the grounds it's a German owned carrier. They argue Swiss have made billions over the years which, instead of being used to bolster the airline, have been funnelled to Germany and spent propping up other loss making entities in the corporation. The further argument is that Swiss should be allowed to go bankrupt, and then bought for dimes on the dollar by Swiss entities. Which is the capitalism is supposed to work, to be honest, rather than this "privatised profits, socialised losses" approach company management seem to adopt.
It rather surprises me the UK government does not adopt the same approach, and demand a split of IAG as a condition for bailing out BA. The the Irish can bail out Aer Lingus and the Spanish the same with Iberia, Vueling and Air Europa.
I understand their point but they certainly don’t want to lose Swiss.
They gave up on SR........ at one point the epitome of Swiss excellence. With a global network, focused on Switzerland.
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I think this is how the Swiss public generally feels. Lufthansa has been trying to chip away at the status of LX for years in order to bolster LH and their profitability and prestige.