Even the Swiss banks did not want to get involved with a debt of 10 billion US dollars
This did not go well with the swiss apparently. There is a talk of the board of administrators being sued and emprisoned. So its not always pilot who pay the price.
By domino effect i fear that many airlines will be affected, not only swissair group
(LTU, LOT, SAA, Sabena (Sabena has no more cash to pay salaries this month), AOM, Air liberte) but various code-shares also.