This is all an accounting device to ditch the huge debt burden and still have a "National" airline. What Crossair will do is take on those bits of Swissair they can make money with (Routes/planes/people) using the banks money and the remaining rump of Swissair will be allowed to fold. Creditors may see very little of their money. Crossair will then remname itself " Swiss Air Lines" ( neat eh?) and off we go again in a new smaller set up. As this precludes Sabena getting their 200 million ($/£/Euro'?) which was due today I think it's curtains for them.