Swissair and its regional subsidiary Crossair, over 70 percent of which belongs to Swissair, would develop a new airline—the Swiss Air Line. “Communication difficulties between the banks and management,” and also the crisis in aviation following the September 11 events in the USA were given as the main reasons for the debacle, with the banks being presented as the chief culprits.

The company did not even have the money to pay for fuel and airport taxes and had to declare bankruptcy.Swiss politicians and the Swissair management immediately launched a campaign against the banks, painting UBS boss Marcel Ospel as the nation’s bogeyman. In Folge der Insolvenz der Swissair, im Oktober 2001, wurde die Crossair im März 2002 in Swiss International Air Lines umbenannt. It acquired shares in Belgium’s Sabena, the French AOM/Air Liberté, the Portuguese TAP and other smaller airlines, which faced similar financial problems as Swissair due to the international competition. Vor 20 Jahren stürzte Flug SR111 von Swissair bei Halifax in den Atlantik. The plane’s An investigation was conducted by the Transportation Safety Board (TSB) of Canada. However, only debris and bodies were recovered; no survivors were found.

21.9.2001 Der Crossair-VR stimmt der Verschmelzung nach heftiger Diskussion zu, nachdem Corti versichert hat, dass die Marke Crossair und ihr Sitz in Basel erhalten bleiben. aviation disaster, off the coast of Nova Scotia, Canada [1998]Amy Tikkanen is the general corrections manager, handling a wide range of topics that include Hollywood, politics, books, and anything related to the Am 2. Zurich-Kloten was also set to become one of the ten largest European airports, and received over 2.3 billion francs ($1.4bn) in investments in the last two years alone.An integral part of this plan was the expansion of Swissair to become the fourth largest European airline. A bitter struggle ensued to establish so-called “hubs”, where high passenger numbers could be realised through linking intercontinental and regional feeder flights, and which are now the most important prerequisite for surviving in this industry.Intercontinental alliances were forged, and European airports such as London Heathrow, Paris Charles de Gaulle or Amsterdam and Frankfurt/Main were substantially developed.

Get exclusive access to content from our 1768 First Edition with your subscription. At approximately 8:17 pm (Eastern Daylight Time; 9:17 pm Atlantic Daylight Time [ADT]) the plane, a three-engine MD-11, took off from John F. Kennedy International Airport. Crossair was regarded as the most profitable part of the Swissair Group, because its pilots were only paid half the amount of their Swissair colleagues. The airline was already practically bankrupt on September 26, after several smaller banks cut their lines of credit, leaving only 100 to 200 million francs ($61 to $122m) in liquid assets.

On October 2, Switzerland’s national carrier Swissair halted all its flights due to a severe cash shortage. September jährt sich zum zwanzgisten Mal die grösste Katastrophe der Schweizer Zivilluftfahrt. The TSB had earlier recommended stricter standards concerning flammable materials and electrical wiring. Swiss League. Formed in 1931, the Swiss national carrier was known for safety and service that instilled deep loyalty among travelers.

At Zurich airport 4,000 passengers who had waited in vain for their flights were put up in civil defence accommodation, but elsewhere Swissair passengers had to sleep on airport floors.Some stranded passengers cried before the television cameras, and a young Argentinian said: “And I thought, I was in the first world here”. History at your fingertips Given Switzerland’s small population (approximately 7.1 million) and the well established competing European aviation partnerships, Swissair tried to become the nucleus of its own alliance, the so-called Qualifier Group.