According to company boss Dieter Vranckxs, the airline Swiss paid back part of the state-guaranteed loan in July 2021. The manager told RTS that 50 million francs had been transferred.
He stated that the summer business was going well and that there was good money to be made. Therefore, the first 50 million Swiss francs could be repaid. The credit line that has been granted is 1,5 billion Swiss francs. The loan has not yet been drawn down in full.
“We have set ourselves the goal of not spending more than half of the loan, in other words 750 million francs. We have kept this promise so far. In June we had the opportunity to repay 50 million francs, ”Dieter Vranckx told RTS. “We saw it in June: if business goes better, we can repay part of the loan. But winter is coming, November and December are very difficult months for an airline and we will probably have to call up funds again. "