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Cash inflow for the Swiss International Airlines

Berna, Switzerland - CHF 70m in order to relieve airline finances

The Swiss International Airlines will get almost CHF 70m in blocked funds settling a dispute out of court money owed predecessor Swissair. The loss-making Swiss airline said that CHF 68,7m tied up in France and Belgium in connection with claims by two French firms had been freed and transferred to Swiss. The amount would book in the second quarter. The cash inflow should help relieve tightness in...

AVIONEWS - World Aeronautical Press Agency - 101378
Rome, Italy, 08/05/2004 17:26
AVIONEWS - World Aeronautical Press Agency

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