The end of ČSA Czech Airlines ?

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TLspotting
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The end of ČSA Czech Airlines ?

Post by TLspotting »

Hello !

The end might be near for ČSA, a 98 years long story.

No state aid from Czech government so...ČSA Czech Airlines has announced a collective redundancy to the Labour Office – 430 jobs threatened : https://www.aviation24.be/airlines/czec ... hreatened/

The airline is nearly insolvent, they currently have 2 or 3 aircraft, focusing on 4 profitable routes, ATRs are out, they have filed for volountary restructuring.
Hi. I'm Thibault Lapers. @ThibaultLapers & @TLspotting

TLspotting
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Re: The end of ČSA Czech Airlines ?

Post by TLspotting »

Bankruptcy for CSA, declared by the court of Prague, CZK 1.8B debt (€68,745,600 or US$82,101,600). Karviná Inskol is the corporate as administrator of insolvability. Operations continue at the moment.
Hi. I'm Thibault Lapers. @ThibaultLapers & @TLspotting

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sn26567
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Re: The end of ČSA Czech Airlines ?

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Czech Airlines plans to renew its connections to five European destinations in the coming weeks, with flights to Amsterdam, Copenhagen, Malta, Iceland, and Odessa.
André
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sn26567
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Re: Airline bankruptcies, ceased operations, restructurations

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Czech Airlines is trimming its corporate workforce down to about 100 employees. The redundancies will affect non-flight personnel. In June 2021, CSA’s creditors will discuss its reorganisation plan. If it is not approved, the company will be folded.
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Re: The end of ČSA Czech Airlines ?

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Czech Airlines, which has been in bankruptcy since March 2021, is facing 2,487 creditors in bankruptcy proceedings.
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Re: The end of ČSA Czech Airlines ?

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Czech Airlines is resuming flights to another five European destinations in May and June 2021, including Copenhagen, Odessa, Reykjavik, Amsterdam, and Malta.
André
ex Sabena #26567

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