© swissair VA 2018
Swissair (official name Swissair Schweizerische Luftverkehr- Aktiengesellschaft) founded by Balthasar Zimmermann and the Swiss aviation pioneer Walter Mittelholzer, based in Kloten was from 26.March 1931 until its moratorium on 02.October 2001, the national airline of Switzerland. On 1 October 2001, the public was informed in an official press conference about the “Phoenix” project which was created to grant a definite forbearance deferment. A transitional financing for continuation of the service did not come in time, although the Federal Council was prepared to take over half of the credit. On 2 October 2001 the liquidity needs rose sharply, as all suppliers insisted on cash and settlement of outstanding invoices on the eve of the moratorium. The cash reserves of Swissair filed that day were enough to carry out the first morning flights. During the morning the fuel supplier refused to refuel the waiting aircraft. At 15:45 the CEO Mario Corti cancelled all flight operations completely because of security risks, that would overstep and not conform with the Flight Duty Regulations anymore. Thus, one of the most important national symbols of Switzerland hit rock bottom, leaving thousands of passengers from around the world stranded and many flight crews stuck abroad. The company credit cards were blocked by the banks, causing Swissair staff to be expelled from the crew hotels and having to return home at their own expense. EMERGENCE OF SWISSAIR VIRTUAL AIRLINE Swissair Virtual Airline has already exixted, but this was abandoned for various reasons. As a long-time, virtual pilot, with aviation background, and having worked for the former Swissair, my wish is to let this airline get back into the virtual skies. The motivation reasons were to combine reality with a little imagination. Thus arose the …… Swissair Virtual Airline. Although there is a CEO, the the pilots also have a say, to a certain point. His beloved plane for instance, that he has flown a long time and knows well without collecting first hours with a ATR72 to fly away? Our motto: With us this is possible! In this spirit, I look forward to new pilots and say only “Welcome on board!” With thanks and best regards Stephan Ricci CEO Swissair Virtual Airline
HISTORY OF SWISSAIR
© swissair VA 2018
Swissair (official name Swissair Schweizerische Luftverkehr- Aktiengesellschaft) founded by Balthasar Zimmermann and the Swiss aviation pioneer Walter Mittelholzer, based in Kloten was from 26.March 1931 until its moratorium on 02.October 2001, the national airline of Switzerland. On 1 October 2001, the public was informed in an official press conference about the “Phoenix” project which was created to grant a definite forbearance deferment. A transitional financing for continuation of the service did not come in time, although the Federal Council was prepared to take over half of the credit. On 2 October 2001 the liquidity needs rose sharply, as all suppliers insisted on cash and settlement of outstanding invoices on the eve of the moratorium. The cash reserves of Swissair filed that day were enough to carry out the first morning flights. During the morning the fuel supplier refused to refuel the waiting aircraft. At 15:45 the CEO Mario Corti cancelled all flight operations completely because of security risks, that would overstep and not conform with the Flight Duty Regulations anymore. Thus, one of the most important national symbols of Switzerland hit rock bottom, leaving thousands of passengers from around the world stranded and many flight crews stuck abroad. The company credit cards were blocked by the banks, causing Swissair staff to be expelled from the crew hotels and having to return home at their own expense. EMERGENCE OF SWISSAIR VIRTUAL AIRLINE Swissair Virtual Airline has already exixted, but this was abandoned for various reasons. As a long-time, virtual pilot, with aviation background, and having worked for the former Swissair, my wish is to let this airline get back into the virtual skies. The motivation reasons were to combine reality with a little imagination. Thus arose the …… Swissair Virtual Airline. Although there is a CEO, the the pilots also have a say, to a certain point. His beloved plane for instance, that he has flown a long time and knows well without collecting first hours with a ATR72 to fly away? Our motto: With us this is possible! In this spirit, I look forward to new pilots and say only “Welcome on board!” With thanks and best regards Stephan Ricci CEO Swissair Virtual Airline
HISTORY OF SWISSAIR