Word: swissair
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...seemed like a great idea at the time. Swissair, a midsize airline ranked seventh in Europe, had run out of room to grow given its tiny domestic market. So it began buying minority interests in smaller European airlines in hopes of boosting traffic. But the plan hit major turbulence: so many of the new partners were hemorrhaging money that Swissair reported a $1.8 billion loss on $10 billion in revenues last year. "With a clear head, it does seem like a crazy strategy," says Andy Chu, an airline analyst at Merrill Lynch in London...
...under his feet. Seillière's troubles started when a friend persuaded him to invest $40 million for a 51% stake in the private French airline AOM in 1999. Though Seillière knew nothing about the airline business, he was assured that SAirGroup, the parent company of Swissair, would manage everything. More than Seillière's money, the Swiss needed him to serve as majority shareholder because European Union regulations bar non-E.U. investors from controlling E.U. companies. In May 2000, AOM absorbed another independent carrier, Air Liberté, and later Air Littoral in hopes...
...building of an 853-ft. colossus--49 ft. longer than the ill-fated Hindenburg. "I've been watching the airship industry for 15 years, and now it's getting very exciting," says Christian Schulthess, who for 20 years was a pilot with Balair-CTA, the charter subsidiary of Swissair. He is now president of Skyship Cruises in Switzerland, which ordered the first Zeppelin. "CargoLifter and Rigid Airship Design get your imagination going," he says, "and here the Zeppelins are really flying...
...content yet. She says that in the case of two more recent crashes--Swissair 111 and Egypt-Air 990--the electromagnetic spectrum still need to be analyzed...
...feigned an asthma attack and was let go. Deanja Walther, 26, a Swiss flight attendant who speaks French, stayed with the English-speaking hostages even though the Hutus let the French-speaking tourists remain at the camp. Walther, who last September was supposed to work aboard the ill-fated Swissair Flight 111, was ultimately spared. Some of the terrified survivors left the park on a plane flown by Ross, who had to start its engine with a pocketknife...