newstodate.aero
Apr 15, 2010 (newstodate): The Czech Airlines Supervisory Board has discussed and approved CSA's restructuring plan and agreed to forward it to the Minister of Finance.
While no details have yet beet released, the plan comprises an extensive set of measures aimed at a realistic conversion of the company into a stable commercial entity within three years.
The plan confirms the heading of the company towards a holding structure, where the parent company CSA will increasingly focus primarily on its core business scheduled air carriage, leaving subsidiaries to operate and offer other specialized services.
After the planned restructuring, CSA might again be viable for investors in a fresh attempt to privatize the carrier.
While no details have yet beet released, the plan comprises an extensive set of measures aimed at a realistic conversion of the company into a stable commercial entity within three years.
The plan confirms the heading of the company towards a holding structure, where the parent company CSA will increasingly focus primarily on its core business scheduled air carriage, leaving subsidiaries to operate and offer other specialized services.
After the planned restructuring, CSA might again be viable for investors in a fresh attempt to privatize the carrier.