As a fully-owned subsidiary of SWISS, Swiss European will function as an operating company, providing "wet lease" flights in the European market on behalf of its parent company. Swiss European will naturally work to the same high standards of quality, safety and training already adopted by the parent company. It will trade under the SWISS brand, and commercial responsibility will remain with SWISS.
The new airline will inherit all the aircraft in the current regional fleet (Avro RJ 85/100 and Embraer 145). Likewise, all regional pilots will transfer to Swiss European. The cabin crews will initially be provided by Swiss International. In the medium-term, Swiss European will recruit its own cabin staff and build up its own workforce.
Own Management Team The new subsidiary will be managed by an own Executive Board and Board of Directors: Peter Koch (Managing Director), Rolf Brand (Head of Flight Operations), Heinz Marti (Head of Training), Diego Ochsner(Head of Ground Services) and Felix Koster (Head of Technical Maintenance). Manfred Brennwald (Chairman), Gabriele Hofmann-Schmid and Reto von Atzigen will sit on the Board of Directors.
Swiss European will start out with a fleet of seven Embraer 145s and eighteen Avro RJ85/100s, but will subsequently operate with a uniform fleet of twenty-four Avro RJ85/100s once the 2006 summer timetable comes into effect.
Swiss European will make an important contribution to increasing its competitive strength and to securing jobs in the long-term. Ensuring transparency in terms of both structures and costs will also lend support to forthcoming investment in fleet modernization and provide a solid basis for future growth.
