newstodate.aero
Feb 29, 2012 (newstodate): The Zcech Republic is keen to see its carrier CSA surviving, unlike the fate of Malev in Hungary.
Despite recent restructuring and downscaling, CSA is still unprofitable but the carrier will be merged with Prague Airport within a single and independent entity in 2012, securing its sustained operations and development.
In contrast to CSA, Prague Airport is profitable and the merger will enable the carrier to benefit from its airport arm.
Efforts were made in 2009 to privatize CSA through an international tender that, however, failed to attract bids after scrutiny of the airline's books, and also in 2009 the Czech parliament approved a bill to confirm that only the state can be the owner of Prague Ruzyne Airport.
Despite recent restructuring and downscaling, CSA is still unprofitable but the carrier will be merged with Prague Airport within a single and independent entity in 2012, securing its sustained operations and development.
In contrast to CSA, Prague Airport is profitable and the merger will enable the carrier to benefit from its airport arm.
Efforts were made in 2009 to privatize CSA through an international tender that, however, failed to attract bids after scrutiny of the airline's books, and also in 2009 the Czech parliament approved a bill to confirm that only the state can be the owner of Prague Ruzyne Airport.