National airline lands in Germany after 74 years.


The Swiss are still weighing the fallout of this month's news that the failing national airline, Swiss, will be sold to Deutsche Lufthansa AG. Lufthansa, based in Germany, will ante up as much as 481 million CHF to buy out shareholders--which include the Swiss government--so ending 74 years of independence in aviation for Switzerland.

Swiss had racked up losses of 1.81 billion CHF since 2002, when it rose from the ashes of a bankrupt Swissair Group in a 4.2 billion CHF bailout by the government and the country's biggest companies. Analysts said Swiss was too big for its domestic market of 7.4 million people and, despite cutting a third of its workforce and a third of its fleet, it never generated a...

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