SWISS on today’s government decision

SWISS and Edelweiss are grateful for the Federal Council's decision to provide Swiss aviation with the necessary liquidity to survive the impact of the corona crisis. With a bank loan of CHF 1.5 billion, 85% guaranteed by the government and subject to strict conditions, support from Lufthansa, the parent company, and drastic savings measures already adopted by SWISS and Edelweiss, the liquidity required for both airlines should be assured. SWISS and Edelweiss welcome the fact that the financial support negotiated at short notice with the Swiss government and the bank consortium can now be presented to the Federal Assembly for approval. The loan, which will also benefit airline-related operations, would allow the gradual restoration of vital passenger and cargo links between Switzerland and the rest of the world, so important in terms of the national economy.

SWISS will not be commenting further on this matter at the present time.