Swiss International Air Lines Ltd.
Phone: +41 848 773 773
Fax: +41 44 564 21 27
2 November 2003
The Sunday press featured reports about an investigation by SWX, the Swiss Stock Exchange, into SWISS and the progress of negotiations about an operating credit. SWISS would like to provide the following information in response to these reports:
It is correct that SWX Swiss Stock Exchange is currently looking into whether there may have been a possible violation of Art. 72 of the Listing Rules (ad hoc publicity) in connection with an interview with CEO André Dosé on 14 October this year. The translated version of a press release presented a very optimistic interpretation of this interview in relation to the status of negotiations about an operating credit.
Negotiations about an operating credit with Swiss and international banks continue. As usual, complex discussions of this nature always take time. SWISS is very confident that talks with the banks and possible other financing partners can be brought to a successful conclusion. SWISS will provide further information once contracts are signed.
Rumours about pulling out of a contract with Embraer in favour of purchasing Airbus A 318s are untrue. SWISS is, however, talking to aircraft manufacturer Embraer about deferring delivery of the Embraer 170s.