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BANKS RECOVER PLAN FOR SWISSAIR IS READY

ZURICH, SWITZERLAND, The two major Swiss banks, UBS and Credit Suisse, developed a recovering plan to help the debt burdened Swissair airline, which has suffered a 97% loss of its shares at Zurich Stock Exchange. A financial aid of about 900 USDm will be launched in order to allow Swissair to maintain its activities. Meanwhile, a first deposit of about 150 USDm has been made on Swissair, which need...

AVIONEWS - World Aeronautical Press Agency - 18172

AVIONEWS - World Aeronautical Press Agency
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