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Swisswings Suspends Operations

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Swisswings Suspends Operations

Old 8th Apr 2002, 11:32
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Unhappy Swisswings Suspends Operations

Translated by Google (not me!!!) from the website:


Swisswings AG gives a certificated request for deferment

Bern-Belp, April 8, 2002. The regional airline company Swisswings AG suspended its activities of flight today and handed in to the office of the qualified judge the certificated request for deferment. Last Friday, the negotiations on the cover of the requirements necessary in capital for 10.0 million Swiss francs committed with the last possible partner failed. Thus, 120 collaborators lose their employment. A social plan is planned for the employees. Swiss was declared laid out, according to its possibilities, to take again on to April 8 all the passengers without expenses and until April 11 with a share in the expenses, the passengers of Swisswings, to discuss with the voyagists concerned for the recovery the connections Swisswings charter and to constitute for the personnel a purse of employment. KLM also begins again according to its possibilities, with share in the expenses, the passengers with Amsterdam destination. These last days, the Board of directors and the Management of Swisswings very implemented to minimize the consequences of the closing of company for the passengers concerned, to offer to the team of collaborators the best solution and to thus guarantee a controlled suspension of the activities of the company.

For lack of liquidities, the airline company bernoise, Swisswings, must suspend any activity of flight at the date of April 8, 2002. At his meeting of April 6, 2002, the Board of directors chose this scenario after the failure, April 5, of the last attempt to save the company. In order to guarantee the activities of flight in 2002 and to stabilize the financial standing, the company would have needed new funds of an amount of 10.0 million CHF. These last years, the Board of directors and the Management of Swisswings very implemented to save the company. The reasons which justified the closing of the company are exposed in the document reporting the position taken by the Board of directors.

The Board of directors and Management regret to note that the suspension impossible to circumvent of the activities of flight implies a job loss for 120 paid in Bern and Geneva. A social plan is planned for the latter. The dismissals of the employees will take place in due form at the end of April. On the basis of current evaluation, one can suppose that the wage claims of the personnel will be covered during the length of notice. Swisswings installed a purse of employment at the telephone number 031 818 52 11. Swiss was also declared laid out to build a purse of employment for the Swisswings personnel.

The first day and according to its possibilities, Swiss will take again without expenses the passengers of Swisswings with a number of flight RQ and until April 11, 2002 against a share in the expenses, and will also seek to establish the dialogue with the voyagists concerned to guarantee the connections Swisswings charter at the beginning of Bern and Geneva. The passengers having a number of flight Swiss (LX) can directly contact Swiss with the telephone number 0848 85 2000 (class economic) or 0848 85 3000 (Class Business) or address themselves to the Swiss agency nearest.

KLM will also take again the passengers having a number of flight KLM (KL) or will help the passengers with Amsterdam destination during the first days with share in the expenses. The people concerned can directly contact KLM with the telephone number 0848 874 4444 or address themselves to agency KLM nearest.

For further information the Swisswings reservation is always at your disposal under the telephone number 0848 848 328.

For the 570 passengers envisaged on April 8, 2002, a solution was elaborate in priority during the weekend. The changes of reservation of all the other passengers as from April 9 2002 are currently in hand. The Board of directors and the Management of Swisswings thus tried to reduce to the maximum the possible nuisances for the passengers concerned.

Press conference
April 8, 2002 at 10. 30 takes place a press conference to the Allegro hotel in Bern.

For further information (media):
Gere Gretz, Service of Swisswings press, c/o Gretz Communictions AG,
Zähringerstrasse 16, Post-office box 660, 3000 Bern 9
Tel.: 031 300 30 70, fax: 031 300 30 77
E-mail: [email protected], www.swisswings.ch
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Old 8th Apr 2002, 13:18
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You would have thought that with all the underperformance by former SR there would have been enough elbow room for Swisswings to make a decent living.

Interesting point: why give a reservations phone number in a press release when there's no flights!?@#?

BTW: the Google translation is absolute cr@p - no danger of any reasonably intelligent humans being made redundant in the near future
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