BAZL/OFAC publicly confirm that Air Switzerland's application has still not been processed as it is "incomplete".
Latest news is that Mario Ritter's core travel business is on the brink of collapse. Unable to put up either cash or a bank guarantee for a travel agent's bond (CHF 50,000), he has lost both Hotelplan and RBM as partners (and does not have Kuoni, TUI or FTI).