Politics & Economics

Czech Republic Proposes Government Acquisition of CSA Czech Airlines

Czech Republic‘s Finance Minister Alena Schillerová proposed the government acquire CSA Czech Airlines, however noting complications may arise due to a minority foreign ownership in SmartWings Group. Schillerová expects the Ministry of Industry and Trade to prepare an analysis of strategic companies affected by the coronavirus outbreak. As previously reported by CAPA, Smartwings Group implemented austerity measures to mitigate the financial impact of the drop in demand. In 2018, 97.74% of Czech Airlines was bought by the privately-owned Smartwings and CSA became a part of the Smartwings Group.  The remaining 2.26% of CSA is owned by insurance company Česká Pojišťovna. CSA is the fifth oldest still operating airline in the world, after Dutch KLM (1919), Colombian Avianca (1919), Australian Qantas (1920), and Soviet/Russian Aeroflot (1923). It was the first airline in the world to fly regular jet-only routes (between Prague and Moscow).   Join us on Telegram and follow our Insta Stories to read the latest updates on the coronavirus in the Czech Republic. xosotin chelseathông tin chuyển nhượngcâu lạc bộ bóng đá arsenalbóng đá atalantabundesligacầu thủ haalandUEFAevertonfutebol ao vivofutemaxmulticanaisonbetbóng đá world cupbóng đá inter milantin juventusbenzemala ligaclb leicester cityMUman citymessi lionelsalahnapolineymarpsgronaldoserie atottenhamvalenciaAS ROMALeverkusenac milanmbappenapolinewcastleaston villaliverpoolfa cupreal madridpremier leagueAjaxbao bong da247EPLbarcelonabournemouthaff cupasean footballbên lề sân cỏbáo bóng...

by Prague Morning Apr 16, 2020

Tell more about your business

Tell us about your.

Tell us about your.

Tell us about your.

Tell us about your.

Tell us about your.

Thank You, It`s All Good

We will come back to you within 24 hours with our proporsal

Tell us about your.