Switzerland's national carrier was grounded in October 2001 because of liquidity problems. On March 31, 2002, its 71 year history came to an end, when most of the assets were taken over by Crossair which became Swiss International Air Lines. They formerly used SR as their IATA Call Code.
On 2 September 1998, Swissair Flight 111, an MD-11 heading to Cointrin from JFK International Airport crashed at night in the Atlantic Ocean 50 miles southwest of Halifax, Nova Scotia. Smoke was reported in the cabin and the aircraft was trying to land at Halifax International Airport. All 15 crew members and 214 passengers perished.