Swiss charter airline Hello has announced insolvency and stopped flights from Zurich and Basel Sunday, the carrier said on its website. Hello, which was established in 2004 by former Crossair founder Moritz Sutter, operated four leased Airbus A320s. Hello’s financial problems have been compounded by the loss of tour operator contracts, high fuel costs and the strong Swiss currency. In addition, the carrier’s CFO presented false financial figures, leading the management to ...

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