newstodate.aero
Oct 13, 2009 (newstodate): The troubled Czech carrier CSA has aired hopes for the state to step in with a financial package to save the airline from a total crash.
That would, however, go against EU laws and leaves the airline with a growing problem of survival.
CSA is currently suspended in the void as only one bidder remains in the tender for privatisation of the airline, and the bid is reportedly too low to secure the deal to go through, and would require the state to retain the airline's debts pile.
In the meantime, CSA has announced its decision to sell three 737-500 and two 737-400 aircraft in an effort to raise its liquidity.
That would, however, go against EU laws and leaves the airline with a growing problem of survival.
CSA is currently suspended in the void as only one bidder remains in the tender for privatisation of the airline, and the bid is reportedly too low to secure the deal to go through, and would require the state to retain the airline's debts pile.
In the meantime, CSA has announced its decision to sell three 737-500 and two 737-400 aircraft in an effort to raise its liquidity.