Swiss officialy confirmed today it's renegociating the E-170 orders, trying to postpone them to 2005.
My understanding is that Swiss cannot pay if the delivery starts in 2004.
Swiss also depicted the english version of the Reuters interview of Swiss CEO Andre Dose saying the credit facility was about to be signed by the banks as "too optimistic".
It's all but convincing. My feeling, supported by a number of people I talked to in the past two weeks, including some investors in Swiss Airbus financing, is that Swiss is in deep financial trouble.
Let's hope the best for X-Mas
