Audit Loan to Swissair Schweizerische Luftverkehr AG - Audit of the Swissair loan settlement - Final report following the conciliation procedure between the Federal Office of Civil Aviation, the Federal Finance Administration and Swissair
Audit number: 8374
As the last act in the national airline debacle, the Swissair fleet was grounded at the start of October 2001 due to a lack of liquidity. Within hours of the grounding, the Swiss government decided to grant Swissair a loan to maintain operations until an orderly takeover took place. In the end, the loan amounted to CHF 1.45 billion, of which CHF 1.15 billion were paid out. Reimbursement amounts for products on this list were the subject of recent criticism in the media.
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