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SWISSAIR CHANGES STRATEGY AFTER HIGH LOSSES IN 2000

ZURICH, SAirGroup announced a change in strategy for Swissair after the airline reported losses for $1.66bn. The first step will be selling of the stakes acquired in several european carriers. Moreover, the airline will put up for sale its hotel group Swissotel and will halve the real-estate portfolio. The company described 2000 as "the worst year in the history of the Swissair/SAirGroup". The high...

AVIONEWS - World Aeronautical Press Agency - 10474
Rome, Italy, 04/02/2001 12:42
AVIONEWS - World Aeronautical Press Agency

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