Geneva Airport is organizing itself on the capital market through a 180 million Swiss franc bond. The interest rate is 0,95 percent. The term ends on March 25, 2031. The funds are intended to ensure the continued existence of the airport.
Geneva wrote in 2020 for the first time in the company's history in the red. The management put the loss at 129,5 million Swiss francs. The background to this is the sharp decline in flight numbers due to the corona pandemic.
Airport manager André Schneider is pleased that the bond has been well received by investors. He also points out that the Swiss Confederation is proving to be a strong owner. Currently Swiss is running a heavily thinned out flight offer from Geneva by. Due to the tough entry and quarantine regulations, only three destinations are served.