The government � which is Swiss�s largest shareholder � said further public money or debt guarantees were out of the question.

When Swiss was launched from the ashes of the former national carrier, Swissair, in April last year, the cabinet insisted its investment of SFr600 million ($442 million) would be a one-off.

Leuenberger said on Wednesday that the government would not get involved in the day-to-day running of Swiss.

�The government does not belong in the cockpit,� he said.

However, Leuenberger, together with the economics and finance ministers, will form a committee to monitor the situation.

More at:

http://www.swissinfo.org/sen/Swissinfo.html?siteSect=161&sid=1799896

Wow this story sounds familiar...