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It was succeeded by the company Swiss International Air Lines – or just Swiss.
Swissair was a Swiss Airline which stopped operating after the collapse of the SAirGroup in 2001.
In the mid-1990s, “Qualiflyer” was initiated, a group formed for companies in which the holding SAirGroup invested. The following major companies taking part in the SAirGroup stood out:
TAP Air Portugal, Sabena, LTU, Portugália, Crossair, AOM and Air Liberté.
This expansionist policy was found to be disastrous:In 2000, the SAirGroup lost more than 1 billion dollars in less than one year, leading to an
administrative uprising, so that all main executives were replaced.
Too late, since already in high indebtedness,the assault of 11th September 2001 represented a hard blow to all airlines worldwide.
On 2nd October 2001, all Swissair aircraft were held back on European airportsbecause there was no cash for fuel. This resulted in the total grounding of all flights.
Also, in September 1998, an accident in which an MD-11 had crashed near Halifax on the coast of Nova Scotia in Canada, also contributed to the bankruptcy that followed.
The trademark Swissair disappeared from the skies of the world on 1st April 2002,which changed to the new trademark “Swiss”, resulting in the merger of Swissair with its successor Crossair.
When the MD-11 HB-IWA landed in Zurich on 1st April 2002, flight SR145 fromSão Paulo definitely ended 71 years of tradition, efficiency and passenger relations.
The airline code “SR” disappeard, and neither the callsign “Swissair” nor the ICAO-Code “SWR” were kept for the successor copmany, SWISS International Air Lines, who then became “LX”.
The Swiss banks, creditors of the company, renounced any contribution of capital, causing the collapse of one of the most traditional airlines in the world.
The Swiss Government intervened with a salvation package,
restoring parts of flight services.
But the damage was done.
Orders of aircraft (A340-600) were cancelled, several services suspended.
Shareholder participants in the Qualiflyer companies left the airports and went to court.
The company did not survive.
Music James Last: Everything is fine
Research and pictures:
Googlehttp://pt.wikipedia.org/wiki/
External ConnectinsSwiss.com/brasil
Swiss.com Swiss Fan Web Site
Produced by José Carlos Suman, [email protected]
Re-edited and completed byJean-Claude Girod, Ireland
Partners in Brazil and
Ireland, thanks to the virtual
paths of the "Net"
The End