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Publication of provisional distribution list for initial interim payment to SAirGroup creditors — payouts to be made from mid-November 2007 Auction on 24 and 25 September 2005 - Online auction from 17 September 2005 – Advance sale from 12 August 2005 The circular no. 6 to the creditors of SAirGroup in debt restructuring liquidation is available as of today under "circulars to creditors".Auction of Swissair memorabilia on 24 and 25 September 2005 - Online auction from 17 September 2005 – Advance sale from 12 August 2005 Flightlease AG schedule of claims presented for inspection by creditors; estimated dividend 0.4% - 9% The circular no. 5 to the creditors of SAirLines in debt restructuring liquidation is available as of today under "circulars to creditors".The circular no. 4 to the creditors of SAirGroup in debt restructuring liquidation is available as of today under "circulars to creditors".The circular no. 4 to the creditors of SAirLines in debt restructuring liquidation is available as of today under "circulars to creditors".The circular no. 4 to the creditors of Flightlease AG in debt restructuring liquidation is available as of today under "circulars to creditors".Agreement for the sale and purchase of Avireal AG signed – approval by
Circular No. 3 from the liquidator of Flightlease AG sent to creditors – Estimated dividend in the range of 0.3 % to 5.4 %
Circular No. 3 from the liquidators of SAirLines sent to creditors – Estimated dividend in
Circular No. 3 from the SAirGroup liquidator sent to creditors – responsibility claims: briefs prepared – Pauliana claims: brief prepared against Deutsche Bank – estimated dividend 2.5% to 15.7% Circular No. 3 from the liquidator of Swissair Swiss Air Transport Company Ltd sent to creditors – Estimated dividend in the range of 0.4 % to 7.3 %
Creditors receive circular no. 2 from SAirLines liquidators - estimated dividend 0.8% to 49.4 % - Maryann Rohner joins Creditors' Committee Circular No. 2 from the liquidator of Flightlease AG sent to creditors – Estimated dividend in the range from 0.3 % to 5.4 %
Circular No. 2 from the liquidator of Swissair Swiss Air Transport Company Ltd sent to creditors – Estimated dividend in the range from 0.4 % to 7.3 %
Circular No. 2 from the liquidator of the SAirGroup sent to creditors – Estimated dividend in the range from 2.5% to 15.7%
Dismissal of Grupo Espírito Santo lawsuit against SAirGroup, SAirLines and a banking consortium – Further media releases in response to newsworthy events
No extraordinary occurrences during the week under review – Next Weekly Report scheduled for 26 September 2003
Payouts to former employees of Swissair Swiss Air Transport Company Ltd. well advanced – Andreas Binder new member of the Creditors' Committee of Flightlease AG in liquidation
Liquidator's circular sent to creditors – Resignations from SAirLines and Flightlease AG Creditors' Committees Confirmation decision of debt restructuring judge in Swissair Swiss Air Transport Company Ltd. case now legally enforceable
Administrator's report on Swissair Swiss Air Transport Company Ltd. submitted to debt restructuring judge - Flightlease AG approval hearing on 17 April 2003 -Liquidation sale ends 12 April 2003 - Next weekly report on 17 April 2003 Ballot procedure on debt restructuring agreement for Swissair Swiss Air Transport Company Ltd: Deadline 31 March 2003 – Liquidation sale an ongoing success Creditors' meeting held for Swissair Schweizerische Luftverkehr-Aktiengesellschaft – liquidators appointed – ballot procedure underway on liquidation settlement Invitation to Meeting of Swissair Creditors sent out – Attendance at Meeting of Creditors not compulsory – Administrator's reports on SAirGroup, SAirLines and Flightlease AG handed over to debt restructuring judges No extraordinary occurrences during the week under review – Next Weekly Report scheduled for 7 February 2003 Investigation into the accountability of the governing and executive bodies of SAirGroup: Findings and initial conclusions – Report can be ordered from Administrator Widespread approval of Administrator's proposal from former Swissair employees – Sale of SR Technics Switzerland completed Debt restructuring moratorium extended – Offer period for former Swissair employees extended to 7 January 2003 – Meeting of Creditors of Swissair postponed to 6 March 2003 – Gate Gourmet sale completed – Provisional suspension of payments to early retirees as per Option 96 and Option 2000 protected by Federal Supreme Court – Next media release on 10 January 2003 Second part of sale of inflight materials to end on 21 December 2002 – Third part to follow in mid-February 2003 Administrator sends out written offer to former employees of Swissair – Acceptance deadline 14 December 2002 Successful start of second phase of inflight material sale off – Trolleys and watches available for first time Sale of Gate Gourmet Group authorised – New interim reports published by Administrator – Report on responsibility due end-January 2003 Sale of inflight materials an ongoing success – Arrival of new goods requires update of range and temporary closure of sale premises – Sale restarts on 20 November 2002 featuring trolleys, watches, travel alarm clocks and more – Office fittings and IT equipment to go on sale in early 2003. Administrator submits proposal to staff representatives – successful start to sale of inflight materials - next weekly report scheduled for 15 November 2002 No extraordinary occurrences during the week under review – Next Weekly Report scheduled for 4 October 2002 Registration complete for claims submitted against Swissair Swiss Air Transport Company Ltd. – debt restructuring agreement in doubt Creditors' meetings held for SAirGroup, SAirLines and Flightlease AG – liquidators appointed – ballot procedure underway on liquidation settlements Investigation into the responsibility of the governing and executive bodies of SAirGroup – administrator's interim report Preparations for the meetings of creditors of SAirGroup, SAirLines and Flightlease AG Sale of participation in Qualiflyer Loyalty AG – New interim report, dated 10 May 2002, at the administrator’s website – Details of meetings of creditors of SAirGroup, SAirLines and Flightlease AG to be published on 24 May 2002 Meeting of creditors of Swissair Schweizerische Luftverkehr AG postponed until further notice – Bondholders not affected by postponement – Request for special audit withdrawn Transfer of the flight operation to Crossair AG completed on schedule – Sale of Cargologic AG and holding to the Volare Group – Sale of the economic interest in 17 aircraft – Investigation of responsibility: work started Commercial court ruling regrettable from creditors’ point of view – Administrator’s interim report expected next week – New venue for meetings of bondholder creditors Over 13 000 claims already recorded – protection of Swissair brand rights – prompt settlement of procedure Investigation of responsibility of the organs of SAirGroup: commission assigned – sale of holdings: Swissport sold, progress with Gate Gourmet and Volare Interim situation after expiry of deadline for registration of claims – Name of new Crossair under review – Contract of employment with Mario Corti under investigation First responses to the invitation to register debts – administrator welcomes delisting of Swissair securitiesadministrator’s website An invitation to register debts was issued on 9 January 2002 – 20-day claim registration period now in progress – Claim registration forms obtainable at the administrator’s website Invitation to register debts will be issued on 9 January 2002 – Sale of Atraxis, Restorama AG and Rail Gourmet Holding AG First official acts of the administrator – funding by the companies of social welfare plans for privileged employee claims not possible at the moment Decision to grant a definitive debt-restructuring moratorium to the six Swissair Group companies. The debt-restructuring moratorium and bankruptcy options. Investigation into the responsibility of the organs of SAirGroup. Invitation to register debts on 9 January 2002. Reports on the financial status of the Swissair companies under provisional debt-restructuring moratorium are submitted to the competent judges. Talks on continuing Swissair’s flying operations until the end of March 2002, transfer to Crossair as per ‘Phoenix Plus’ and continued trading by airline-related companies. Responses to the special review. LTU: order issued by debt restructuring judge. Loans: no direct need for action by the provisional administrator. Work on implementing the term sheet to continue airline-related operations. Assurance that loan creditors can register their claims after publication of the invitation to register debts. No subrogation in current leasing contracts. Sale of participations: application concerning LTU. Bankruptcy of Sabena: no impact. Preliminary drafts of reports to the competent judges compiled. Search for solutions to liquidity squeezes. Debt-restructuring proceedings extended abroad. Sale applications expedited. Statement in response to the decision of the Federal Council on finance. News of the bridging credit and payments made immediately before the debt-restructuring moratorium took effect. Still no applications for sale of the individual companies. Settlement systems. Mr Karl Wüthrich, attorney-at-law, of Wenger Plattner, is appointed provisional administrator of Swissair Group. Tasks of the provisional administrator.  To view PDFs, you need the Adobe Reader. Click on the image to download it. |