Swiss International Air Lines (SWISS) has terminated its bank loan facility guaranteed by the Swiss Confederation at the end of May 2022. With the pandemic situation now more stable and with the eased travel restrictions prompting positive trends in the company’s liquidity, SWISS is now able to meet its financing needs on the capital markets via the Lufthansa Group.
In view of this, SWISS has terminated the bank loan facility which was 85% guaranteed by the Swiss Confederation ahead of its regular end date of 2025. SWISS has never drawn more than half of the total loan amount available under the facility since it was established and paid a total of CHF 60 million (£49 million) in interest and fees during the loan facility period.
