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Swiss International Air Lines Ltd

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BUSINESS
June 25, 2003 | From Bloomberg News
Swiss International Air Lines Ltd. plans to cut 3,000 jobs as the national carrier that emerged from the remains of insolvent Swissair Group struggles to survive. The airline will eliminate a third of its workforce and ground 34 out of 109 aircraft, Chief Executive Andre Dose said at a briefing in Basel, Switzerland. Swiss International may sell shares and bonds to raise $376 million, more than its market value of $329.2 million.
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BUSINESS
March 23, 2005
* Alcoa Inc., the world's biggest aluminum producer, will cut 2,000 jobs over the next year and sell a stake in Elkem of Norway for $870 million to reduce operating costs and debt. * Boeing Co. won an order for 20 of its 737-800 planes valued at as much as $1.4 billion from Singapore Aircraft Leasing Enterprise, the leasing arm of Singapore Airlines Ltd. The order includes an option to buy 20 more planes. * Deutsche Lufthansa of Germany has agreed to take over Swiss International Air Lines Ltd.
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BUSINESS
March 23, 2005
* Alcoa Inc., the world's biggest aluminum producer, will cut 2,000 jobs over the next year and sell a stake in Elkem of Norway for $870 million to reduce operating costs and debt. * Boeing Co. won an order for 20 of its 737-800 planes valued at as much as $1.4 billion from Singapore Aircraft Leasing Enterprise, the leasing arm of Singapore Airlines Ltd. The order includes an option to buy 20 more planes. * Deutsche Lufthansa of Germany has agreed to take over Swiss International Air Lines Ltd.
BUSINESS
June 25, 2003 | From Bloomberg News
Swiss International Air Lines Ltd. plans to cut 3,000 jobs as the national carrier that emerged from the remains of insolvent Swissair Group struggles to survive. The airline will eliminate a third of its workforce and ground 34 out of 109 aircraft, Chief Executive Andre Dose said at a briefing in Basel, Switzerland. Swiss International may sell shares and bonds to raise $376 million, more than its market value of $329.2 million.
BUSINESS
July 14, 2003 | Malcolm Shearmur, Bloomberg News
Financially troubled Swiss International Air Lines Ltd. is holding talks with rivals about closer ties that include a possible merger, a spokesman said. The "independence of Swiss is not the first priority, and we have to prepare ourselves for other forms of cooperation," said Jean-Claude Donzel, a spokesman for the Basel, Switzerland-based airline.
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