Voters clear way for Swissair government bailout

 

Swiss voters have cleared government support for a successor to financially troubled Swissair.

A referendum has approved a 300 million Swiss franc (€202 million) investment by Zurich regional authorities.

The 55.5 per cent approval is seen as crucial to gain support from other cantons for the rescue package proposed by the federal government.

The federal government and private corporations are also contributing to the plan, under which regional Swiss carrier Crossair is taking over many Swissair services.