Prosecutors in Switzerland have laid charges against several former Swissair executives, including two former chief executives, after a long-running investigation into the flag carrier’s collapse. Among those named by the Zurich prosecutor are Philippe Bruggisser and Mario Corti, both of whom headed Swissair, as well as former chairman Eric Honegger. Investigators opened a formal probe on 5 October 2001, just days after Swissair, overwhelmed by a financial crisis, ceased operating. Among the allegations against various senior members of the defunct flag carrier are accusations of dishonest management and falsification of documentation. Prosecutors allege instances of mismanagement during financial transactions undertaken during the restructuring of Swissair Group and its airline division between 1999 and 2001, and that information on Swissair Group’s liquidity was misleading.

Source: Flight International