Czech Airlines struggle to agree upon a final restructuring plan to help the company emerge from its dismal financial state. The supervisory board estimated the company will end 2009 with a loss of 3 billion Kč (appr.116 million €). At the meeting on Oct. 19-20, CSA chairman Radomir Lasak has been replaced by Mr. Miroslav Dvorak.
Interestingly enough, Mr. Dvorak is also the chief executive of Prague airport operator Letiste Praha Ruzyne, both are state-owned. This appointment has fueled some speculations that doing so the carrier is trying to get some advantages at its base airport or even attempting to merge with Prague Ruzyne to solve the financing problems.