Loan Requires SWISS Cuts Costs; Airline Plans June 'Cautious Restart'
Credit: Rob Finlayson
Swiss International Air Lines (SWISS) must cut costs by 20% under a new business plan after Switzerland’s federal councils approved a CHF1.3 billion ($1.3 billion) commitment loan for SWISS and its leisure company Edelweiss Air. The loan, which was approved April 8, was given to help the carrier...
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