Carriers end this week with creditor protection.
Czech Airlines has announced to the Labor Office that it will lay off all its employees. The reason is to be indebtedness and the impossibility of state aid. They informed about it today Economic newspaper (HN).
According to the company, the redundancies can affect all 430 employees. “I can confirm that we have received a notice of collective redundancies,“Said Tereza Löffelmanová, chairwoman of the Aircraft Crews Trade Union. According to her, employees do not yet know the plan for how the company wants to survive the coming weeks.
The announcement comes a few days before CSA ends the protective moratorium on creditors. CSA belongs to the Smartwings Group, and the same protection will end this week for Smartwings.
Already at the beginning of February, CSA owners came up with a request for non-repayable aid in the amount of one billion crowns. They also argue that, unlike other industries, the state did not support or compensate the air carrier in any way. According to Hospodářské noviny, there is a variant in the game that Smartwings will survive and CSA will end up in insolvency.
“We will not provide any comments until the end of the extraordinary moratorium,” HN spokesperson of the Smartwings group Vladimíra Dufková wrote.
CSA is the fifth oldest airline in the world, in 2023 it can celebrate 100 years since its founding.