“Without recovery, the airport could end up in bankruptcy”
A Routed Tarmac, Ready for Tighter Control: Serge Dull Busco analyzes the news that is swirling around Cointrin.
The health crisis “comes at the worst of times for Geneve Aeroport”, for Serge Dal Busco, the chairman of the State Council.
Lucien Fortune
In the financial collapse against the backdrop of COVID, the airport will be able to borrow up to 200 million francs from the canton. Deputies approved the boost on Friday, without getting attached to social, ecological or timetable terms.
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There is no contradiction. 200 million loan of last resort and subject to conditions imposed by the Competition Commission, may be activated only when all other possibilities are exhausted. No one disputes the existence of this airport, even though some may wish to reduce its activity. We must protect this essential infrastructure which could end up in bankruptcy if not recovered. This requires a re-orientation of airport management as far as democratic control initiatives are concerned, but without overdoing it. It has also been successful in residential communities, certainly influenced by airport activity, but not hostile to its existence.
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