Vol. II No. 17 Saturday 26 April - 2 May 2003
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TRAVEL & TOURISM
HEADLINES [click on headline to view story]:

SWISS Board decision concerning top management and capital reduction

KLM’s first E-ticketing passenger in Thailand, Fergus Sinclair, is welcomed at Bangkok airport by KLM staff

Hong Kong Department of Health informs Lufthansa about passenger with SARS

Air India ready for bids on MLCR aircraft

SWISS Board decision concerning top management and capital reduction

SWISS (Swiss International Air Lines) is one of the world’s newest international airline brands with over 70 years of experience and more than 10,000 staff around the world.

Manfred Brennwald, managing director of operations responsible for engineering and flight operations.

Ulrik Svensson, managing director of finance responsible for finance and corporate services.

SWISS has daily flights between Bangkok and Zurich, as well as Bangkok and Singapore, with convenient connections from Zurich to all major European cities, as well as Africa, North and South America, and throughout Asia.

SWISS has completed the placement of its new senior management level staff. The appointment of Ulrik Svensson as managing director of finance responsible for finance, and corporate services and Manfred Brennwald as managing director of operations responsible for engineering and flight operations, completes the senior management team at SWISS.

The appointments were made in the context of a new management level in the top management structure.

Reduction in capital

The Shareholder’s meeting on May 6 2003 will be called to vote on a possible cut in capital. Given that the company cannot operate profitably in the current environment, net equity may end up falling below half the level of the capital, in which case the Swiss Code of Obligations requires action to be taken.

The Board of Directors wishes to prevent net equity from falling below 50% and will therefore propose that the par value of the shares be reduced from 50 to 32 francs at the forthcoming ordinary Shareholder’s Meeting. It will also reduce the discrepancy between the nominal value and the market value of SWISS shares and bring tax benefits for the company.

Contract for new A340 with SR
Technics

SWISS intend to outsource maintenance work on the new Airbus A340-300 jets, which will join the fleet in June, to SR Technics. This contact will supplement the existing maintenance contact between SWISS and SR Technics for the Airbus A320s and A330s. The contact will run for six years.

Valuable synergies will be capture by having all SWISS Airbus aircraft serviced by SR Technics. SR Technics looks after SWISS aircraft under a “Total Maintenance Contract”. This means it is responsible for all the technical work on the cells, components and engines.

SWISS modifies aircraft orders

SWISS is responding to the crisis in the air transport industry by modifying its current fleet renewal program. Adjustments are being made to both the number of EMBRAER aircraft ordered and the timetable for their delivery.

For more information about Swiss international Air Lines please visit website www. swiss.com.


KLM’s first E-ticketing passenger in Thailand, Fergus Sinclair, is welcomed at Bangkok airport by KLM staff

From left the photo shows Lackana Wantaywin, KLM Sales Manager Thailand; and Fergus Sinclair, KLM’s first E-ticketing passenger in Thailand; Hans Jeronimus, KLM Airport Services Manager; Sumeth Rangsithanasak, KLM Deputy Service Manager and Flight Operations Manager.


Hong Kong Department of Health informs Lufthansa about passenger with SARS

Lufthansa was informed on April 14 by the Hong Kong Department of Health (DH) that one of its passengers had been diagnosed as suffering from the lung disease SARS.

The male 48-year-old passenger traveled with Lufthansa in the period between 30 March and 4 April.

Lufthansa, of course, fulfilled the requirements demanded by the Hong Kong authorities. Thus, the passengers and Lufthansa employees who were in direct contact with this person have been contacted and informed about the situation by Lufthansa.

The prescribed disinfection of the aircraft concerned was organized and conducted immediately.

According to the current state of knowledge, the probability that anyone will become infected with the Serious Acute Respiratory Syndrome (SARS) during a flight is very remote. In the unanimous opinion of the World Health Organization as well as the German Foreign Ministry, normal everyday contacts, such as the stay on board, are not dangerous.


Air India ready for bids on MLCR aircraft

The Air India Board cleared the decks for opening of financial bids invited by Air-India for Medium Capacity Long Range (MCLR) aircraft at its recent meeting held in Mumbai.

The two aircraft under consideration are Boeing 777-200 ER and A-340. These aircraft were identified on the basis of Air-India’s requirements for a minimum of 250 seats in three class configuration. The Air-India Board had in its earlier meeting, accorded approval for purchase of ten MCLR aircraft with seven options.

The financial bids, which have already been received by Air-India, will now be opened and recommendation for purchase of one of the two short-listed aircraft is expected at the next meeting of the Board.



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