Saturday, March 3, 2012

SWISS WORK ON NEW AIRLINE.(BUSINESS)

Byline: -- Associated Press

BERN, Switzerland -- Swiss government and industry agreed Monday to spend $2.65 billion to create a new national airline on the ruins of Swissair, wrecked by the air travel chaos following the U.S. terror attacks.

``It wasn't possible to save Swissair,'' said Finance Minister Kaspar Villiger.

``We are happy and relieved that this effort has succeeded,'' said President Moritz Leuenberger in disclosing the combination of …

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