The Flugplatzgenossenschaft Gstaad-Saanenland (FGGS) is in the black, despite new construction work.
The financial year of 2018 was marked by the work for the new buildings, which started in July 2018 with an open day.
“The final figures for the construction accounts weren’t available at the end of 2018, but all indications point to the estimated costs of around CHF 30.6m only having a one percent increase. Therefore, they can be met,” said FGGS president Walter Egger at the Annual General Meeting.
Accounts showing a profit
The annual accounts presented by Egger revealed a profit of CHF 81,700. A mortgage for CHF 2m is in place with the Saanen Bank. Marcel Bach, a member of the board, assumes that the loan will be depreciated over the next few years. With a profit of nearly CHF 25,000, the airfield operator, Gstaad Airport AG, was also in the black, according to airfield manager Marc Steiner. Both accounts were approved by the shareholders.
A positive start
The company has got off to a good start, with customers appreciating the quality of services. Also, the airfield staff team has received positive feedback, Egger emphasised. A powerful yet agile operations team is in place and the quality of fire-fighting equipment has been massively improved. The same applies to the winter service.
By contrast, the customs checks and registration waiting times have been criticised by visitors. The cantonal police is responsible for identity checks whereas the border guards must check all goods. However, this situation could be improved in collaboration with the authorities. Safety remains a challenge, partly because walkers, people with dogs, cyclists and motorists don’t always realise the dangers that flight operations can bring.
Based on AvS/Anita Moser
Translated by Justine Hewson