Turbulence at SAirGroup may continue for some time

Article Abstract:

Switzerland's airlines holding company SAirGroup AG, is looking at a new strategy to restore confidence in the company and its subsidiary airlines, hotels and related companies . SAirGroup management is considering selling off some of the companies to return it to profitability.

General services

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SAirGroup outlines restructuring plan in bid to cut losses

Article Abstract:

SAirGroup revealed its corporate restructuring plan as the financially-troubled carrier attempts to reduce losses. In addition, SAirGroup has secured a one billion swiss franc credit line and will change its name.

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Without help from Swissair, AOM/Air Liberte may fail

Article Abstract:

AOM/Air Liberte may have to declare bankruptcy if managers are unable to seek new funding. Swissair, the parent carrier of AOM/Air Liberte, may have to incur restructuring costs in order to save its subsidiary.

France, Finance, Swissair, AOM-Air Liberte

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