Swiss: Swissair trademark rights purchased
The airline Swiss has purchased the trademark rights to Swissair. Although it does not intend to use the brand commercially for the time being, this move allowed Swiss to prevent anyone else from suddenly operating flights under the name Swissair.
Eight years after the grounding of Swissair, the airline Swiss has bought its trademark rights. Swiss spokesman Jean-Claude Donzel told the Sonntag newspaper that a deal had recently been agreed with Swissair's liquidator Karl Wüthrich. Now the airline can, if it wishes, fly under the Swissair name again in future. For the time being, the brand will not be used commercially. "But we wanted to prevent someone else from suddenly flying under the Swissair name," Donzel continued.
In return, Swiss is waiving a claim against Swissair. As the share dividend of Swissair and SAir Group will only amount to around ten percent, Swiss is de facto waiving around ten million francs. The article goes on to say that the amount does not seem very high, as Swissair's brand value was estimated at half a billion after the bankruptcy. This means that Swissair was one of the most valuable brands in Switzerland before its demise.
In return, Swiss is waiving a claim against Swissair. As the share dividend of Swissair and SAir Group will only amount to around ten percent, Swiss is de facto waiving around ten million francs. The article goes on to say that the amount does not seem very high, as Swissair's brand value was estimated at half a billion after the bankruptcy. This means that Swissair was one of the most valuable brands in Switzerland before its demise.






