Swiss airline continues to operate Air Baltic aircraft under a wet lease despite ongoing investigations into potential wage dumping. Authorities are assessing whether Air Baltic's practices comply with Swiss labor laws, with implications for back wages and fines potentially amounting to millions. Meanwhile, Swiss has reported record profits, raising questions about the impact of low-cost crews on its financial success.
The American Swiss Foundation hosted its Fall Luncheon at the New York Stock Exchange, featuring a fireside chat with Sergio P. Ermotti, CEO of UBS Group AG, and Robert J. Giuffra, Jr. The discussion highlighted the strong economic ties between Switzerland and the U.S., emphasizing collaboration for mutual prosperity. The event gathered nearly 200 guests, including business leaders and elected officials, showcasing the importance of Swiss-American relations.
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