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SWISSAIR CHARTER SUBSIDIARIES BALAIR AND CTA TO MERGE

 NEW YORK, Dec. 21 /PRNewswire/ -- Swissair is to merge its charter subsidiaries Balair and CTA. The Swissair board endorsed the merger on Dec. 16, 1992, and company president, Otto Loepfe, informed Zurich-based staff in his traditional year-end address.
 The new merged company will be known as Balair CTA, and will be headquartered in Geneva. It will operate a fleet of 11 aircraft, most of which it will own. Corporate design will largely follow the lively aircraft color scheme recently introduced by Balair.
 The company will be headed by Peter Haslebacher and will have a staff of 520. The consolidation of the Balair and CTA organizations is likely to cut the combined workforce by some 20 to 25 positions in the course of next year.
 The Balair and CTA boards voted to propose a merger of their companies to their respective shareholders' assemblies some days ago. The merger is aimed at securing a stronger market presence and penetration for the new company.
 Swissair Long-Haul Fleet To Expand
 The recent meeting of the Swissair board also approved the acquisition of a thirteenth McDonnell Douglas MD-11 for the Swiss national carrier's long-haul fleet. Swissair will also be leasing-in an Airbus A310-322 of Balair to be operated on medium-haul routes. This will release a further MD-11 for long-haul deployment. The additional MD-11s should allow Swissair to introduce more non-stop services to long-haul destinations.
 More Moves Toward Autonomy Within Swissair
 Swissair intends to continue its efforts to transform some of its activities into autonomous business units. The Swissair board approved executive management's proposal to turn part or all of the company's cargo, information systems, ground services, distribution and engineering and maintenance activities into independent business entities. Details on how exactly this should be achieved have yet to be worked out.
 The move is intended to make the areas concerned more flexible and dynamic, and make their product and activities more responsive to market needs. The move is a further development of an existing trend: the company's catering, staff restaurant and retail trading activities were put on an autonomous footing in the course of 1992.
 -0- 12/21/92
 /CONTACT: Addie Jones, 212-969-5707, or Linda Parseghian, 212-969-5708, both of Swissair/


CO: Swissair ST: IN: AIR SU: TNM

SM-TS -- NY034 -- 8753 12/21/92 11:48 EST
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Date:Dec 21, 1992
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