In an effort to stem losses, Swiss is planning to place its regional operations in a separate subsidiary, to be called Swiss Express. The change will occur in the fall, at the start of the 2003/04 winter timetable. The move is aimed at reducing costs 20 percent below those of the present airline. It will essentially re-create the previous arrangement in which lower-cost Crossair flew Swissair’s regional services. Swiss Express will take over Swiss’ regional fleet, including its four RJ85s and fifteen RJ100s.
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