SWISS: New fleet structure for short-haul operations; resizing and reconstitution of the Board of Directors

Donnerstag, 25. August 2005 07:00

In addition to the existing Airbus A320 family contingent, the SWISS
short-haul aircraft fleet is to consist of 24 Avro RJ85 and RJ100
regional jets from the start of the 2006 summer schedules. The Board
of Directors has resolved that the company's Embraer 145s should be
gradually withdrawn by the end of the coming winter schedules, while
the Saab 2000 fleet will no longer be operated from the start of the
winter timetable period. The Board simultaneously approved the
expansion of the present Avro RJ fleet to 24 aircraft.

Gradual implementation of the fleet plan for regional operations
The new fleet plan should be gradually implemented. SWISS currently
operates a fleet of 35 regional aircraft, consisting of seven Saab
2000s, nine Embraer 145s, four Avro RJ85s and 15 Avro RJ100s.

One Avro RJ100 will be handed over to its new owner as planned in
October. The nine Embraer 145s will be leased out to other operators:
corresponding negotiations are already well advanced. SWISS will
lease-in six further Avro RJ100s in the course of the first quarter
of 2006, and put these aircraft into operation.

Resizing and reconstitution of the Board of Directors
As announced in May, the SWISS Board of Directors is to be resized
from eight to five members as part of the company's acquisition by
Lufthansa and its integration into the Lufthansa Group. With the
reduction in numbers, the entire Board of Directors will be newly
elected. The Extraordinary General Meeting required for such actions
is to be held on September 22, 2005.

Current Board members Pieter Bouw, Claudio Generali, Michael Pieper,
Jan Audun Reinas and Peter Siegenthaler have submitted their
resignations from the Board of Directors with effect from September
22. Present Board members Jacques Aigrain, Walter Bosch and Rolf
Jetzer will be standing for election for a further term of office.
Standing for election as new Board members and representatives of
Lufthansa will be Wolfgang Mayrhuber and Klaus G. Schlede.

The five members of the new SWISS Board of Directors will be elected
for an ordinary term of office of three years. Following the
Extraordinary General Meeting, the five elected members of the new
Board of Directors will appoint a Chairman from within their ranks.
Rolf Jetzer is envisaged for this post.

"With three of our present Board members on the new Board and with
Rolf Jetzer as its new Chairman, we are ensuring an element of
continuity in our Board of Directors," says present Chairman of the
Board Pieter Bouw. "I am also delighted that Lufthansa intends to
delegate Wolfgang Mayrhuber and Klaus Schlede - two eminent and
extremely competent individuals - to serve on the SWISS Board."

The proposed new Board members:

Jacques Aigrain, 51, has been a Member of the SWISS Board of
Directors and Chairman of its Audit Committee since December 2001. A
graduate in economics and law, he has been a Member of the Executive
Board of Swiss Re since June 2001, heading the company's Financial
Services Business Group, and has been Deputy CEO of Swiss Re since
January 2005.

Walter Bosch, 61, has been a Member of the SWISS Board of Directors
since May 2003 and Deputy Chairman and Lead Director since March
2004. He studied economics in St. Gallen and Berlin. Walter Bosch has
been active as a business entrepreneur and communications consultant
since 1997. He is Delegate to the Board of Directors of Euphonix
Inc., Palo Alto, serves on the Boards of Directors of Cablecom, Star
TV, the Good News event agency and skiing company Zai AG, and is a
Member of the Industry Council of the London-based GMT Partners
private equity fund.

Rolf P. Jetzer, 55, has been a Member of the SWISS Board of
Directors and Chairman of its Remuneration Committee since May 2004.
A doctor in law, he has been a partner at the Zurich-based Niederer
Kraft & Frey law firm since 1988, specialising in commercial law. He
was elected to the Boards of Directors of Bank Julius Bär & Co. AG
and of Julius Bär Holding AG in April 2005.

Wolfgang Mayrhuber, 58, has been Chairman of the Executive Board and
CEO of Deutsche Lufthansa AG since June 2003. An Austrian by birth,
he is also Chairman of the Supervisory Board of Lufthansa CityLine
GmbH and a Member of the Supervisory Boards of Eurowings Luftverkehrs
AG, Münchener Rückversicherungs-Gesellschaft AG and BMW AG.

Klaus G. Schlede, 68, is a Member of the Supervisory Board of
Deutsche Lufthansa AG, and served as its Chairman from 1998 to 2003.
A graduate in business administration, he served as Chief Financial
Officer and Deputy Chairman of the Executive Board of Deutsche
Lufthansa AG from 1991 to 1998. Schlede, who lives in Switzerland, is
also a Member of the Supervisory Boards of Deutsche Telekom AG and
Deutsche Postbank AG.

The media release can be downloaded from the following link:
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SWISS Corporate Communications
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Fax: +41 (0)44 564 2127
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