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» Personal Loan No Credit Check, Online Economics » Entrepreneur » Topics begins with M » Moritz Suter


Page modified: środa, lipiec 13, 2011 09:59:01

Moritz Suter (* 3 September 1943 in Basel) is a Swiss entrepreneur, pilot and pioneer of Swiss as well as European aviation. It created the CROSS air, a European regional airline and is considerably involved in the new airline Hello.

Suter is in Switzerland a disputed personality, since after two flight generation gaps the CROSS air at that time was practiced not only at the pilots, but also at the management of the CROSS air criticism. The Swiss Federal Prosecutor's Office examines momentarily whether Suter and other responsible person are pulled to the account.

Life

Childhood and youth

Moritz Suter is born on 3 September 1943 in Basel as a son of a music professor and a composer and grows up as an only child. He visited the reason and middle school in the cantons Basel city, Berne, grey federations and pc. Gallen; already during this time Suter for the Fliegerei becomes enthusiastic, begins at the age of 18 years the training as a private pilot and receives after 1962 after one year the Brevet, with which he can realize its urge after liberty now in air. At school it falls it heavily to subordinate and in such a way relies it at the age of 20 years the middle school without conclusion

Flies abroad

Owing to its grandfather can Suter its dream of flies nevertheless experience. Its grandfather finances it the private training as the line pilot, who he in England, into whom the Netherlands and in Switzerland successfully locks.

1963 leave Suter Switzerland and collect in Africa experiences when spraying fields with plant protection agents by small aircraft. Starting from 1965 he works as a line pilot in Luxembourg.

Swissair

1967 apply Suter at the national airline at that time Swissair and return to Switzerland; for lack of a Swiss license it must acquire these despite its experiences abroad and comes to it as a copilot to the employment. First Suter flies the piston-driven aircraft Convair metropolitan, later then the four-engined jet Convair Coronado on flights to the middle east, to the far east and to South America as well as Africa. 1974 receive the transport to Suter to the flight captain on the DC-9.

Business of Flyers Basel AG (BFB)

Starting from center of the 70's-years Suter is noticeable that the airplanes on many European distances are not working at full capacity, while at the same time many Destinationen are not approached at all in Europe. From this it draws the conclusion that a regional airline, which served new Destinationen with smaller airplanes in Europe could have success.

On 14 February 1975 Moritz Suter as well as his youth friend Peter Kalt - despite the oil crisis and recession - creates, the Businesses of Flyers Basel AG (BFB) as a society for the letting of airplanes, for pilot training and for taxi flights. The starting capital amounts to 65,000 Swiss Franconias and the fleet consists of a used Cessna 320 with four seats and a two-seat Piper L-4 of the year of construction and principal shareholder of the new society is Suter, cold becomes a board of directors president. Besides Suter works further as a line pilot for the Swissair.

CROSS air

Establishment

1977 decide Suter due to its experiences as a Swissair pilot and with the Businesses of Flyers Basel AG to the establishment of a regional airline for regular transport service in Europe. He finds private investors one year later, can so the share capital to one million Swiss Franconia increase and baptizes the enterprise in CROSS air over; Suter becomes delegates of the board of directors.

Still in the same year 1978 the Federal Office for civil aviation (BAZL) of the CROSS air demands a capital increase on two or three million Swiss Franconia. For this reason Suter sells a part of its portions. The CROSS air receives a provisional concession for some distances on 26 April 1979 from the BAZL receives and starting from 2 July with two Swearingen Metroliner ii-airplanes from Zurich in the regular transport service to Innsbruck, complaint ford and Nuremberg flies.

European regionally airlines Association

1980 receive the CROSS air further concessions for flights to Hanover and Lugano, for the distance from Berne to Paris as well as that one from Lugano to Geneva. The share capital is increased to 8 million Swiss Franconia; most investors originate from the friend circle from Moritz Suter. In the same time Suter creates the European regionally airlines Association (ERA), which counts at that time five airlines with 16 airplanes, 450 coworkers and 58,000 carried passengers per year.

The CROSS air grows fast and in such a way becomes necessarily 1981 a further capital increase on 16 million Swiss Franconia, which is financed again by private investors from the surrounding field of Moritz Suter. At this time Suter works still at the Swissair, since the CROSS air can pay still no wages to its founder.

1983 take place the next capital increase from 25 to 50 million Swiss Franconias. The investors originate now no longer only from the surrounding field from Moritz Suter, but over the outside market are won. In the same year the CROSS air of the BAZL in addition the definite operating concession receives.

Saab 340

In the next year 1984 the CROSS air buys the first airplanes of the type Saab Fairchild 340, which had at all only been built on operation of Moritz Suter. On 15 July 1984 the CROSS air in addition its first flight companions present, after the pilots had been responsible for the support of the passengers before in each case. In addition the CROSS air flies again from Basel to Paris and Frankfurt, with which it continues to win at the Basler airport at meaning.

Saab 2000

1985 are increased the share capital to 80 million Swiss Franconia and the share at the stock exchanges is kotiert of Basel, Geneva and Zurich. 1988 a further capital increase takes place on 160 million Swiss Franconia, which uses the Swissair to acquire 38 per cent of the CROSS air shares with a voice portion from 41 per cent to. Besides the CROSS air buys first Saab 2000-Flugzeuge, which had been developed similarly as already the Saab 340-Maschinen particularly for its requirements.

Assumption by the Swissair

In the year the CROSS air carries 1990 for the first time more than one million passengers per year. In the next year 1991 the Swissair transfers the majority at the share capital of the CROSS air, which shifts its seat from Zurich to Basel, where she refers Basel Mulhouse Freiburg accomodation at the airport.

Starting from 1992 the CROSS air approaches London town center air haven with a jet of the type BAe 146 (Jumbolino).

the Swissair their CROSS air participation on 56,1 per cent of the shares and a right to vote portion of 59, per cent extends 1993. In addition the CROSS air erwibt four Avro RJ85-Flugzeuge.

Growth

End of 1994 1,420 persons for the CROSS air work and obtain a conversion of 400 million Swiss Franconia. The fleet covers 36 airplanes, with which scarcely two million passengers are carried.

1995 continue to grow the CROSS air by the assumption of eight MD-82 and MD-83-Flugzeuge, which come from the airlines at that time Balair/CTA, which gives its short-distance business up. The route network of the CROSS air is constantly supplemented around new Destinationen, which share capital to 328.5 million Swiss Franconia increased and which is considered to CROSS air as the largest holidays airline in Europe. Up to the year end the conversion grows by 15 per cent and the fleet covers 74 airplanes. Frequently the CROSS air distances starting from Geneva and Zurich flies on behalf the Swissair, since it operates at the same time more economically and owing to comfortable airplanes and a exzellenten support on board enjoys a very good reputation - partly take place up to a 1/3 of all flights of the CROSS air than Wetlease for the Swissair.

In the years 2000 and 2001 altogether 34 humans die with two CROSS air aircraft crashes. Among them the call of the CROSS air and also those suffers from Moritz Suter, to which one accuses, the enterprise too fast grew, whereby flight safety was neglected.

Swissair II

In the middle of 2001 comes the Swissair into the largest crisis of its history and it appears that only a comprehensive reorganization can protect the enterprise the fall. In this situation Suter transfers the guidance of the airlines within the SAirGroup (Balair, CROSS air and Swissair), withdraws however already after 44 days again from this position.

SWISS

At the end of September take over UBS (51%) and Credit Suisse (49%) the block of shares of the SAirGroup (project Phoenix). On 2 October 2001 the Swissair must stop their enterprise for some days ("Grounding") and the deduction deferment of payment to request. In the consequence on the basis the CROSS air the new Swiss airline SWISS is developed; Moritz Suter is entmachtet at the general assembly from 6 December 2001 and the Crossair/SWISS changes by the majority into the hands of Swiss major banks Credit Suisse and UBS as well as the public hand. To 27. March 2002 takes place the last official flight of the CROSS air and since that time lives on the airline under the name SWISS and again no more than regional airline, but than large enterprise with short, central and long-distance in all world. Suter turns in the consequence of the "new" airline off and to new projects.


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