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Swiss goes Oneworld
This will be formally announced in about 10 minutes.
British Airways has done a 180° from a year ago when it rejected Swiss request to join Oneworld. (seems that in the face of KLM joining Skyteam, BA would slowly shrink itself out of existence if it didn't work to grow Oneworld). Swiss would join Oneworld. British Airways would take no equity into Swiss, Swiss would retain its independance Swiss would sell landing slots at Heathrow. This would give Swiss the cash it needs to survive and give BA what it wants. The other option was a more or less direct takeover by Lufthansa, which would have meant that Swiss would have lost its independance. |
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