Go Back  PPRuNe Forums > Flight Deck Forums > Rumours & News
Reload this Page >

Czech Airlines in serious trouble

Rumours & News Reporting Points that may affect our jobs or lives as professional pilots. Also, items that may be of interest to professional pilots.

Czech Airlines in serious trouble

Old 24th Feb 2021, 15:22
  #1 (permalink)  
Thread Starter
 
Join Date: Aug 1999
Location: Dublin, Ireland
Posts: 1,876
Czech Airlines in serious trouble

There are conflicting rumours about the health of Czech Airlines; some have reported that the airline has made its c.430 staff redundant; the airline denies this, but it is reported that bookings are not being taken beyond March.

Czech Airlines, previously CSA, is the world's fifth oldest airline and was founded in October 1923. Due to its having been an Eastern Bloc airline, it has operated a very varied fleet; it was an early user of the Tu-104 and later, operated the IL-62, Tu-134, Tu-154 and then, the fall of communism, it followed Malev and LOT to look towards Europe and the US for its new fleet. 737-4/500s and A310s were used, then A319/320s and a sole A330.

https://www.jetphotos.com/photo/6188173
akerosid is offline  
Old 24th Feb 2021, 18:04
  #2 (permalink)  
 
Join Date: Jul 2001
Location: London
Posts: 79
The owners of CSA are smartwings (97.74%). It appears that smartwings are willing to let CSA go to the wall to simplify the corporate structure and send a message to the government about the need for support. I would also hazard a guess that the CSA labour contracts are more legacy than the smartwings ones.
STN Ramp Rat is online now  
Old 24th Feb 2021, 18:40
  #3 (permalink)  
 
Join Date: Jan 2008
Location: Reading, UK
Posts: 12,796
Smartwings, the airline (formerly Travel Service Airlines, hence their ICAO designator TVS) and CSA are both owned by Smartwings Group (formerly Travel Service Group).
DaveReidUK is offline  
Old 25th Feb 2021, 08:25
  #4 (permalink)  
 
Join Date: Feb 2010
Location: attitude is nominal
Posts: 1,327
Only CSA seems to be in trouble not Smartwings airline.

P.S.:
CSA filed for chapter 11 this friday.

Last edited by Less Hair; 26th Feb 2021 at 12:56.
Less Hair is offline  
Old 3rd Mar 2021, 20:44
  #5 (permalink)  
 
Join Date: Apr 2007
Location: Maine, USA
Posts: 2
It is a shame the Czech government isn't stepping up to help CSA and TVS like most nations are
Rhody Flyer is offline  
Old 4th Mar 2021, 14:09
  #6 (permalink)  
 
Join Date: Dec 2012
Location: UK
Posts: 114
STN Ramp Rat

Yes indeed. It is a political mater now. Ain't no expert of the situation in the czech republic but the rescue plan has been on and off since the beginning of the pandeminc.
There is also a massive redundancy plan ongoing for the French base, they also want to get rid of the french contrat, which are the most valuable ones within the compagny.
Tough time !
Airone2977 is offline  
Old 4th Mar 2021, 14:52
  #7 (permalink)  
 
Join Date: Sep 2003
Location: away from home
Age: 60
Posts: 764
It would be prudent of the Czech government to step in and temorarily nationalize CSA.
Good riddance to TVS.
oceancrosser is offline  
Old 11th Mar 2021, 18:07
  #8 (permalink)  
 
Join Date: Nov 2005
Location: on the way to sea
Posts: 248
There are news, that they filled for the bancrupcy yesterday. Another long lasting airline bytes the dust.
kontrolor is offline  
Old 12th Mar 2021, 09:29
  #9 (permalink)  
 
Join Date: Dec 2012
Location: UK
Posts: 114
According to local press, the largest part of the CSA debt (over 1 billion CZK) is ticket refund, due to flights cancellation during the pandemic. The most profitable routes will be continued (eg CDG KRP AMS SVO ARN) but probably taken over by Smartwings. The brand will remain but the airline will go burst.
Airone2977 is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.