SWISS

SWISS and Edelweiss welcome Swiss parliament’s support for a state guarantee on a loan of around CHF 1.5 billion

Share

Swiss International Air Lines (SWISS) and Edelweiss are pleased and thankful that both chambers of the Swiss Federal Assembly – the National Council and the Council of States – have approved by clear majorities the guarantee credit to help Swiss air transport cope with the consequences of the current coronavirus crisis.

We see this support from the Swiss Federal Assembly as a confirmation that the majority of the people of Switzerland are also behind us and believe in us,” says Reto Francioni, Chairman of the SWISS Board of Directors. “Which makes it all the more of a commitment for us to secure our company’s future.”

The two airlines will meet the requirements of the Federal Council’s climate protection goals and the measures in the event of any workforce resizing for restructuring reasons. SWISS and Edelweiss welcome the clear distinction that the Swiss parliament has made between the actions required for Swiss aviation to master the current crisis and Switzerland’s broader climate policy. If there is no European solution to the issue of reimbursement, SWISS and Edelweiss will fulfil the condition and reimburse the travel agencies after September 30, 2020, for the money the two airlines received for flights which did not take place because of the Corona crisis.

The two chambers of the Federal Assembly have also laid the legal foundation and approved the corresponding credit facilities for supporting aviation-associated businesses in Switzerland if necessary. These businesses and their operations are also essential to the provision of safe and reliable Swiss air transport services. In taking these decisions, the Federal Assembly has underlined its appreciation of the importance of air transport to the Swiss economy and its desire to maintain this key systemic function beyond the present crisis.

SWISS and Edelweiss are grateful for this clear affirmation,” says Thomas Klühr, CEO of SWISS and Chairman of the Edelweiss Board of Directors. “And we view it as an impulse and an incentive to reconnect the Swiss economy, politics, society and the Swiss tourism sector with the world’s prime commercial centres and leisure destinations as promptly as we can.”

This post was published on 6 May 2020 22:56

André Orban

M. Sc. Engineering

Published by
André Orban

Recent Posts

Norse Atlantic Airways launches direct flights from London Gatwick to Las Vegas

Norse Atlantic Airways has unveiled an exciting new route connecting London Gatwick to the vibrant…

28 March 2024

airBaltic conducts successful test of SpaceX’s Starlink internet for aircraft

airBaltic, the Latvian airline, has completed an initial test of SpaceX's Starlink internet connectivity system…

28 March 2024

Ryanair donates €10,000 to Make A Wish Belgium

Ryanair announced a donation of €10,000 to Make A Wish Belgium, a charity dedicated to…

28 March 2024

Austrian Airlines cancels 400 flights ahead of strike

Austrian Airlines, the Austrian airline of the Lufthansa Group, has cancelled approximately 400 flights scheduled…

28 March 2024

DHL Aviation renews warehouse handling contract with WFS in France

DHL Aviation has recently extended its partnership with Worldwide Flight Services (WFS) in France through…

28 March 2024

Discover Airlines expands services from Munich: 23 destinations in Europe and North Africa with 5 based aircraft

Discover Airlines, a recent addition to the Lufthansa Group, is set to launch a comprehensive…

28 March 2024