Swiss government works with UBS, Credit Suisse on aviation sector loans

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FILE PHOTO: Logo of Swiss bank UBS is seen in Zurich

ZURICH (Reuters) – The Swiss government is working primarily with UBS Group <UBSG.S> and Credit Suisse <CSGN.S> on a nearly 1.9 billion Swiss franc ($1.95 billion) package of state-backed loans for the coronavirus-hit aviation sector, it said on Wednesday.

The government held tough negotiations with German airline group Lufthansa <LHAG.DE> on maintaining levels of service and jobs before agreeing the package, with includes help for Lufthansa group carriers Swiss and Edelweiss, President Simonetta Sommaruga told a news conference in Bern.

(Reporting by Silke Koltrowitz and John Miller, Editing by Michael Shields)

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