Editing Swissair (section)

==== Controversy surrounding Corti's decision to ground flights ====
An investigation by the Zurich branch of [[Ernst & Young]] into factors behind the grounding revealed that <blockquote>"...in contradiction to representations made by SAir Group, not just 14.5 million Swiss Francs, but around CHF50 million were available at the company's disposal on the morning of October 2, 2001".<ref name=":3">{{Cite book |url=https://www.liquidator-swissair.ch/fileadmin/_migrated/content_uploads/untersuchung1_e.PDF |title=RESULTS OF ERNST & YOUNG'S INVESTIGATION REGARDING SWISSAIR: Appendix 1 to the press release |date=January 25, 2003 |publisher=Ernst & Young |year=2003 |location=Zürich |pages=4}}</ref></blockquote> The report further stated that <blockquote>"Without the administrative inadequacies connected with the release of an [[Escrow|escrow account]], an additional CHF 73 million would have been available. Thus, overall, some CHF 123 million would have been available at SAirGroup, SAirLines, and Swissair."<ref name=":3" /></blockquote> Former Crossair executive André Dosé, who also served as the first CEO of successor airline [[Swiss International Air Lines]], stated in 2004 that this meant the grounding was not necessary and that Swissair could have likely continued flying until the financing for a successor airline would have been finalized,<ref name=":4">{{Cite web |title=André Dosé: Mario Corti, die Banken und das Grounding |url=https://www.handelszeitung.ch/unternehmen/andre-dose-mario-corti-die-banken-und-das-grounding |access-date=2024-06-25 |website=Handelszeitung |language=de-CH}}</ref> a view he reiterated in a 2021 interview.<ref>{{Cite web |date=2021-10-02 |title=20 Jahre nach dem Grounding - Ex-Swiss-Chef Dosé: «Das Grounding wäre gar nie nötig gewesen» |url=https://www.srf.ch/news/schweiz/20-jahre-nach-dem-grounding-ex-swiss-chef-dose-das-grounding-waere-gar-nie-noetig-gewesen |access-date=2024-06-26 |website=Schweizer Radio und Fernsehen (SRF) |language=de}}</ref> In his 2004 statement, Dose voiced the view that Corti and then-CFO Jacqualyn Fouse had lost oversight of Swissair's finances, accounting for this mismatch in perception of available funds.<ref name=":4" />

Mario Corti vehemently rejected the notion that Swissair and SAirGroup bank accounts together held more than 14 million Swiss francs in a public statement after the Ernst & Young report came out.<ref>{{Cite web |last=swissinfo.ch |first=S. W. I. |date=2003-01-24 |title=Swissair grounding could have been avoided |url=https://www.swissinfo.ch/eng/banking-fintech/swissair-grounding-could-have-been-avoided/3129472 |access-date=2024-06-26 |website=SWI swissinfo.ch |language=en-GB}}</ref>