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March 27, 2015 7:01 PM ET

Airlines

Company Overview of Swiss International Air Lines AG

Company Overview

Swiss International Air Lines AG, together with its subsidiaries, provides passenger air transportation services worldwide. It also offers cargo services and charter services. Swiss International Air Lines AG was formerly known as Crossair Ltd. and changed its name to Swiss International Air Lines AG in July 2002. The company is headquartered in Basel, Switzerland. As of June 3, 2005, Swiss International Air Lines AG operates as a subsidiary of Deutsche Lufthansa Aktiengesellschaft.

Malzgasse 15

Basel,  4052

Switzerland

Phone:

41 61 582 00 00

Fax:

41 61 582 33 33

Key Executives for Swiss International Air Lines AG

Chief Executive Officer and Member of Management Board
Age: 50
Chief Financial Officer and Member of Management Board
Age: 51
Chief Operating Officer and Member of Management Board
Age: 60
Deputy Chairman, Deputy Chairman of Deutsche Lufthansa and Chief Executive Officer of Deutsche Lufthansa
Age: 54
Chief Cargo Officer and Member of the Management Board
Compensation as of Fiscal Year 2014.

Swiss International Air Lines AG Key Developments

Swiss International Air Lines Ltd. to Introduce Services from Zurich to 22 New Destinations

Swiss International Air Lines Ltd. has announced that it will introduce services to 22 new destinations from its Zurich hub with the start of the 2015 summer schedules on March 29, 2015. Many of the new points will strengthen SWISS's non-stop services to and from neighbouring countries: Leipzig and Dresden in Germany, Toulouse in France and Graz in Austria. And for Italy the seasonal service to Palermo introduced in 2014 becomes a year-round affair, while Bari, Naples and Brindisi are also added to the network. The new points from Zurich further include a number of vacation destinations such as Thessaloniki, Izmir, Malta, Bilbao and Porto. City-break seekers will be pleased to see the addition of Gothenburg, Helsinki, Santiago de Compostela and Riga. And Ljubljana, Krakow, Sarajevo, Sofia and Zagreb provide further new travel potential. SWISS will also be increasing its frequencies on a number of existing routes from Zurich - to Copenhagen, Hamburg, Malaga, Palma de Mallorca, Stockholm and Valencia - for the coming summer months. On its intercontinental network SWISS will be raising its frequencies between Zurich and San Francisco to 13 weekly flights - almost two a day - in the July and August peak summer season. SWISS will also be expanding its Geneva-based network from the start of the summer schedules, with year-round service to six new destinations. Florence receives four new weekly services, while Valencia, Sarajevo and Skopje will each have two weekly flights. Algiers and Dublin will also receive new non-stop service from Geneva. The range of SWISS services from Geneva is further supplemented by a number of attractive seasonal destinations: Biarritz, Calvi, Palermo, Thessaloniki and Zakynthos will all be served in Summer 2015. The expansions further strengthen SWISS's presence in Western Switzerland, and extend its Geneva-based network to 42 destinations. SWISS will also serve various leisure destinations all over the world in partnership with its sister carrier Edelweiss in Summer 2015. In addition to such popular long-haul destinations as Havana, Vancouver and Las Vegas, frequencies will also be increased to a number of European beach-holiday resorts: Antalya, Larnaca, Olbia, Split and Ibiza all receive more frequencies, while Faro and Catania will join the network as early as next month. The airlines in the Lufthansa Group Airlines - Austrian Airlines, Brussels Airlines, Germanwings, Lufthansa and Swiss - will become even more attractive to holidaymakers and leisure travelers this coming summer.

Swiss International Air Lines AG and Kapers Enter into Labour Agreement

The SWISS Management Board and the kapers association of the company's cabin crew staff have reached agreement on the broad parameters for a new Collective Labour Agreement. The new accord should supersede those presently in effect for the company's Zurich-based cabin personnel from 1 May 2015. The agreement reached between the company Management Board and kapers follows previous recent such accords for the company's ground and cockpit personnel. The new Collective Labour Agreement (CLA) for cabin personnel should enter into effect on 1 May 2015, superseding three current CLAs for the company's permanent and temporary Zurich-based cabin crew staff dating from 2009. The parties have further agreed that the new accord should be of five years' duration. In content terms, the new CLA foresees the gradual introduction of a 13th monthly salary and an easing of cabin crew members' working hours on European flights. It will also see an increase in the ordinary retirement age for cabin personnel from the present 58 to 60, flanked by a series of flexible retirement options and enhanced protection from dismissal for long-serving cabin crew staff. To safeguard the company's profitability and competitive credentials, the new CLA will also entail the adoption of new expenses provisions, along with a redesign of the current annual salary increments within the salary system. The new CLA also includes a commitment from SWISS to transfer to it the individual contracts of employment concluded in the meantime for Zurich-based cabin crew members, and - in a second step - for kapers to become the company's social partner for its Geneva-based cabin staff, too. The details of the new cabin CLA will be elaborated over the next few weeks. The proposed new accord will then need to be approved by both the kapers membership and the company Board of Directors.

Swiss International Air Lines to Launch New Route from Zurich, Switzerland to Milano Linate Airport, Italy

Swiss International Air Lines has announced that it will launch a new route from Zurich, Switzerland to Milano Linate Airport, Italy from December 19, 2014. The new route will initially be operated once daily with Avro RJ100 equipment in the 2014/15 winter timetable period. The company will continue to operate its present five daily services unchanged between Zurich and Milan Malpensa Airport.

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