Are you curious to know who owns Swiss Airlines? As an experienced expert in Swiss products, this is the perfect place to find the answer. Whether you are looking for the owners of Swiss Airlines for business purposes, or simply to satisfy your curiosity, you’ll get the answer you need in this article.
So who owns Swiss Airlines? Since Switzerland is such a small country, and Swiss Airlines is the country’s flag carrier, it might seem like the government is the owner. But you’d be wrong, despite how logical that would be! In fact, the majority shareholder of Swiss International Air Lines AG is Lufthansa AG of Germany. German airline Lufthansa owns 45% of the Swiss carrier! Sure, it might seem a bit odd for a German company to own a Swiss one, but this comes as no surprise to those who are familiar with the airline industry.
The Swiss government is directly involved, too. The Federal Republic of Switzerland holds 43.3% in the form of special voting shares. These shares are held by the Swiss Confederation and have priority over all other shares. Swiss International Air Lines founders, including the Confederation, also own a portion of the company.
The remainder of the company is open to all kinds of shareholders. In an effort to streamline and modernize the airline, the company has allowed investors to purchase company shares. As of April 2017, the free float included 5.24% in the hands of permanent shareholders, 6.37% in the form of bonds and mutual funds, and about 10.54% in free stocks. This third kind of shareholder includes citizens of the European Union, United States, and other countries.
The airline was privatized in 2002, and before this, the Confederation held the shares of Swissair under a different name from the recent Swiss International Air Lines. Therefore, the current ownership setup is relatively new.
One thing is for sure: Swiss International Air Lines AG and Lufthansa AG have collaborated for better flight experiences between Europe and Switzerland since the airline’s privatization. Through this collaboration, the two companies have managed to improve the air hospitality of Swiss Airlines and its reliability.
So, to answer the question of who owns Swiss Airlines, the majority shareholder is Lufthansa AG of Germany with 45%. The Swiss Confederation holds a 43.3% stake in the form of special voting shares, and the remainder of the company is open to all kinds of shareholders.
The current ownership setup is relatively new, and it reflects a collaboration between Swiss International Air Lines AG and Lufthansa AG. Together, they have managed to make the experience of flying with Swiss Airlines smoother and more reliable.
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