Czech Republic's Finance Minister Alena Schillerova proposed the government acquire CSA Czech Airlines, however noting complications may arise due to a minority foreign ownership in SmartWings Group (e15.cz, 14-Apr-2020). Ms Schillerova expects the Ministry of Industry and Trade to prepapre an analysis on 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.
Czech Republic proposes government acquisition of CSA Czech Airlines
15 April, 2020