SAir gains with help of Swissair
Article Abstract:
SAir Group Holding remains solid after its commendable handling of the Swissair Flight 111 crash off Halifax, Canada, on Sep. 3, 1998. The tragedy, which resulted to the death of 229 passengers and crew, is the worst in Swissair's 67-year history. Despite of the crash, many analysts are recommending the stock of SAir as a buy. For instance, a Credit Suisse First Boston report suggests that SAir's share price will improve as the company addresses safety concerns. Beat Kunz, chief of Swiss brokerage research at Bank Julius Baer, expects SAir to post nearly 18% net profit growth in 1998 to 381 million francs.
Comment:
Remains solid after its commendable handling of the Swissair Flight 111 crash off Halifax, Canada, on 9/3/98
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Swissair entertainment system turned off as part of crash probe
Article Abstract:
Swissair has switched off an entertainment system in its MD-11 and Boeing 747 fleets as part of a probe to determine the cause of the September 1998 crash of Flight 111. The move is considered merely a precautionary measure because the system has not been cited as the cause of the crash, according to an official. The company says turning the system off was considered proper because the investigation of the Canadian Transportation Safety Board is focusing on the cockpit area, and that some of the entertainment system's cables lead into the cockpit.
Comment:
Switches off entertainment system in MD-11 & Boeing 747 fleets as part of probe to find cause of Flight 111 crash
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Crashed Swissair jet passed checkup recently
Article Abstract:
The MD-11 passenger aircraft that crashed off the coast of Canada in September 1998, killing 215 Swissair passengers and 14 crewmembers, had undergone a complete overhaul during the summer of the same year. The Swissair plane had also completed a checkup just three weeks before the fatal crash. The checkup did not uncover any problems. Officials stated that they were at a loss as to why Swissair Flight 111 bound for Geneva from New York suddenly experienced smoke in the cockpit.
Comment:
MD-11 jetliner that crashed on its way from New York to Geneva in Sept 1998 underwent total overhaul in summer of the same year
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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