In “Restructure or Shrink” (AW&ST Aug. 13, p. 20) Jens Flottau correctly states that Swiss is one of the most profitable European carriers. He does not mention, however, that this was achieved with German funds. Swiss is now affectionately called Swisshansa. There may be no such thing as Chapter 11 bankruptcy protection in Europe, but Swissair was bailed out twice in a Chapter 11 manner, the first time by UBS and the Swiss government, the second by Lufthansa. La Tour de Peilz, ...
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