Air Transport World

Swiss is oneworld bound.(Deutsche Lufthansa AG)(Swiss International Air Lines AG)

Swiss International Air Lines rebuffed a Lufthansa offer for a merger and entrance into the Star Alliance and instead accepted an invitation to become the ninth member of oneworld while also agreeing to transfer eight of 14 daily slot pairs at London Heathrow to British Airways as part oft broader commercial agreement between the airlines.

An MOU derailing the terms of the transaction was to be signed Oct. 24. In return for the slot transfer, BA will support a Sfr50 million ($37 million) credit Facility for Swiss to be secured against Heath row slots. The commercial agreement also foresees the establishment of joint-venture flights between Switzerland and the UK, including codesharing, from Oct. …

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