- Nov 27, 2001
- Total Time
Swiss International Creates Separate Unit
Monday October 10, 12:48 pm ET
Swiss International Creates Separate, Scaled Down Unit for European Short-Haul Flights
BASEL, Switzerland (AP) -- Swiss International Airlines, which is being taken over by Germany's Lufthansa AG, will create a separate, scaled-down unit for its European short-haul flights, the airline said Monday.
The short-haul fleet, which will fly under the name of Swiss European Air Lines, will be created by year-end, pending an operating permit from the Swiss Federal Office for Civil Aviation.
Swiss said the move was aimed at saving costs and becoming more competitive. The new fleet will only require 240 instead of the 450 pilots it employed until now. It will also operate a smaller fleet. Swiss European will eventually operate 24 Avro RJ85/100s. Until now, Swiss had 39 short-haul planes in use.
German flag carrier Lufthansa, Europe's third-largest passenger airline behind British Airways and Air France-KLM, decided in May to buy troubled Swiss, which had racked up aggregate losses of about 2 billion Swiss francs (US$1.7 billion; euro1.3 billion) since its creation three years ago.
In early July, Lufthansa won clearance from the European Union and U.S. antitrust regulators to proceed with its $375 million takeover provided the carriers surrender slots at several airports including hubs in Zurich and Frankfurt.
Lufthansa's takeover is expected to be completed in 2006 at the earliest.
At least somebody likes the chubby girl.