Czech Airlines (ČSA) has filed a petition for reorganisation due to its
inability to pay with the insolvency court in Prague. This happens
after the end of the emergency moratorium and after choosing all
possible solutions to the difficult financial situation caused by the
aviation crisis due to the spread of COVID–19. ČSA and its parent
Smartwings were unsuccessfully asking the government for
establishing the compensation program COVID-Aviation. They were
unable to make 7,198 flights in the period of the state of emergency
from March 14 to May 24, 2020. ČSA and Smartwings have already
laid off 600 employees. Both airlines still maintain their operation.
Source: ČIA NEWS, March 1st, 2021, www.cianews.cz/en
Compiled by the team of CzechTrade office in Riga.