Word: swissair
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Dates: during 2000-2009
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...Belgians give Swissair 49.5% of Sabena and operational control...
...Sabena and Swissair agree to merge sales and marketing operations in new company, Airline Management Partnership...
...Borer, a lawyer by training, is putting his talents to use in his new career as a Berlin-based investment banker and lobbyist. Swiss, the national airline that replaced the bankrupt Swissair, has just hired him as a consultant in a bid to revamp its image. An interesting choice, considering all that Borer has personally done to shake up his country's staid reputation...
...TIME: You handled negotiatons over Switzerland's World War II banking role. Do you think the country's reputation has recovered? Borer: I wouldn't say it was damaged. What has happened in recent months - Swissair's grounding, the revelations of mismanagement at several companies - is more damaging to the credibility of the country as a place with the best and most serious business people...
...only deal in the works. While public attention naturally attached to the US Airways transaction, Texas Pacific was quietly closing a deal 10 times larger: a $2.26 billion cash buyout of Burger King from Diageo, based in London. Bonderman and his partners are also finalizing the purchase of bankrupt Swissair's catering subsidiary, Gate Gourmet, No. 2 in the world with $2 billion in annual sales...