Bye bye Swissair
Here is the official press release.
Now we'll have to pick up the pieces...again
Swissair ceases flight operations with immediate effect
Zurich Airport, October 2, 2001 – Swissair has been forced to cease all flight operations today with immediate effect. Despite intensive efforts throughout the day, the company has been unable to obtain the liquidity needed to secure daily business and safe operations. It is uncertain at this time when flight operations will resume.
All Swissair flights had to be suspended from 12:30 CET (10:30 UTC) today. The decision that no further aircraft would be allowed to depart from Switzerland was taken at 15:45 CET (13:45 UTC). The aircraft currently abroad will be flown back to Switzerland as soon as possible.
Swissair regrets this measure, which has a drastic impact, especially for its passengers and staff. The action is being taken in what has traditionally been the strongest month of the year in revenue terms, and affects not only thousands of passengers but also thousands of jobs in and outside Switzerland. Far more jobs are now at risk than the 2650 announced yesterday.