Tag Archives: CSA

Czech Airlines to add seven new destinations next summer after years of cutbacks

Czech Airlines-CSA (Prague) has announced it will add seven destinations for the 2015 summer season.

In stages, Czech Airlines will launch operations on its regular scheduled connections to Oslo (OSL), Billund (BLL), Cork (ORK), Bilbao (BIO) and Bologna (BLQ). The carrier also plans to launch two new connections with Russia – flying to Kaliningrad (KGD) and Kazan (KZN). Additionally, Czech Airlines will launch a connection between Billund and Oslo, and Copenhagen and Stockholm.

The airline continued;

“After a year of cutbacks, we plan to expand the existing Czech Airlines’ network starting the 2015 summer season. We feel that there is a significant business potential in our new destinations which we would like to use fully. At the same time, we would like to capitalize on Czech Airlines great reputation in the Russian market and, effective April 2015, service a total of nine destinations in Russia,” said Jozef Sinčák, Chairman of Czech Airlines Board of Directors, and added: “We have set the new destinations timetables in a way to best use the market potential and at the same time appeal to both local and transfer passengers as the connections were designed with the customers’ priorities in mind. We will operate all new destinations using the existing free capacity of Czech Airlines and thus improve the fleet use.”

New Czech Airlines’ Routes in North Europe

Czech Airlines will launch operations on its Prague – Oslo route on March 30, 2015. At the beginning of the summer season, the carrier will service the route twice weekly. Effective May 30, 2015, two more return connections will be added on this route, which will then be operated with four weekly frequencies until the end of the summer season. Czech Airlines will use Airbus A319 aircraft exclusively to service the route. The new Oslo service was designed for local – i.e. point-to-point passengers from the Czech Republic and Norway and also for transfer passengers travelling from Norway to Mediterranean cities – destinations offered by Czech Airlines for the second year during the summer season on a code-share basis with Travel Service. For now, Czech Airlines plans to operate the Oslo connection on a seasonal basis.

New Czech Airlines’ flights to Billund, Denmark are scheduled to first take off on March 29, 2015. The route will be operated by the carrier four times a week, year round, by ATR 42 aircraft with the option of using a larger ATR 72 aircraft if necessary. Business travellers and tourists from both countries – i.e. the Czech Republic and Denmark, form the target group of this new flight.

On work days, i.e. on Mondays, Wednesdays and Fridays, these Czech Airlines’ flights will continue from Billund to Oslo. The carrier wants to apply its successful model of the Prague – Bratislava – Košice and Prague – Hamburg – Gothenburg routes.

Czech Airlines’ News in West and South Europe

A new Cork connection will be serviced from May 14, 2015 until the end of the summer season with two return flights a week. The timetable was tailored to the priorities of the main target group, i.e. tourists from the South-West part of Ireland travelling to Prague for a long weekend, complemented by Czech tourists headed to explore the South of Ireland.

Czech Airlines will service its new connection to Bilbao during the main operational season, i.e. between  June 1 and September 30, 2015, offering two return frequencies a week. The Bilbao connection, just as the other new connections, was designed predominantly for tourists. Czech Airlines will service both the Cork and the Bilbao route by Airbus A319 aircraft. Both connections will be operated on a seasonal basis, i.e. with services break during the winter seasons.

Czech Airlines will be returning to the Prague – Bologna route after a four-year pause. The carrier will operate it year round four times a week with ATR 72 aircraft from March 29, 2015. This connection was designed for business travellers and tourists alike.

Czech Airlines’ Plans in Russian Market during 2015 Summer Season

Despite this year’s year-on-year drop in passenger demand for travels between Russia and the Czech Republic, Russian market has been of great significance for Czech Airlines with high potential for further development thanks to the option of launching operations to new destinations located there. That is why Czech Airlines plans to launch two new connections within the market at the beginning of the 2015 summer season – to Kaliningrad and to Kazan.

Connections between Prague and Kazan will be operated by Czech Airlines twice weekly, using Airbus A319 aircraft. The timetable for the new Prague – Kaliningrad route is designed in the same way as the Prague – Kazan connection, using the same attractive combination of weekdays of operations for weekend and mid-week stays in Prague. Czech Airlines will operate the service using ATR 72 turbo propeller aircraft. Both connections will be operated year round.

Effective 2015 summer season, Czech Airlines will service a total of nine destinations and operate eleven regular scheduled connections between the Czech Republic and Russia. Alongside the mentioned Kazan and Kaliningrad services, there will be Czech Airlines’ services from Prague to Moscow, St. Petersburg, Yekaterinburg, Samara, Rostov upon Done, Ufa and Perm, alongside two connections from Karlovy Vary to Moscow and St. Petersburg.

Copyright Photo: Karl Cornil/AirlinersGallery.com. Airbus A319-112 OK-OER (msn 3892) with the special Instaforex markings departs from Brussels.

Czech Airlines aircraft slide show: AG Slide Show

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Czech Airlines puts its new Airbus A319 “Wow Prague” logo jet into service

Czech A319-100 OK-NEP (14-Wow Prague-L)(Tko) PRG (Czech)(LR)

Czech Airlines-CSA (Prague) on November 21 put its Airbus A319-112 OK-NEP (msn 3660) painted in this new “Wow Prague” special livery into revenue service.

Czech A319-100 OK-NEP (14-Wow Prague-R)(Grd) PRG (Czech)(LR)

Photos: Czech Airlines. The sub-titles are “Fly to the City of Magic”.

Czech A319-100 OK-NEP (14-Wow Prague-R)(Tail) PRG (Czech)(LR)

Video: Washing Czech’s Airbus A330-300:

Video: The “Wow Prague” slogan is part of a city-wide unified promotional campaign to bring visitors to the historic city:

Czech Airlines aircraft slide show:

Korean Air decides to move ahead with its investment in Czech Airlines

Czech Airlines-CSA (Prague) has issued this statement concerning its new investor partner Korean Air (Seoul):

Czech Airlines management engaged in intensive negotiations with all company shareholders regarding their potential investments in the company immediately after the Czech Airlines shareholders unanimously approved a Czech Airlines restructuring plan at the beginning of September.

There has been a significant shift in negotiations with Korean Air. Czech Airlines management has received a letter from Korean Air confirming the company’s decision to become financially involved in the Czech Airlines stabilization process and a proposal of its capital contribution to Czech Airlines.

Czech Airlines management has been reviewing Korean Air’s proposal thoroughly and will present it to Czech Aeroholding management at the earliest date possible. Czech Aeroholding has promised to review Korean Air’s proposal and is also ready to provide Czech Airlines with a capital contribution in the capacity of a private investor.

Czech Airlines appreciates the decision made by Korean Air and views it as a demonstration of strong support by a private shareholder and a positive signal regarding Czech Airlines’ future. Czech Airlines management is convinced that this important move will help stabilize Czech Airlines in the immediate future.

Korean Air has conditioned its capital contribution to Czech Airlines by implicit execution of all measures outlined in the company’s restructuring plan. Czech Airlines management will negotiate additional strategic investments in Czech Airlines with all shareholders upon completion of the entry of Travel Service into Czech Airlines.

Copyright Photo: Rolf Wallner/AirlinersGallery.com. Czech Airlines’ ATR 72-212A (ATR 72-500) F-GRPK (msn 727) with the special 90 Years – 1923-2013 emblem blocks at the gate.

Korean Air: AG Slide Show

Czech Airlines: AG Slide Show

Czech Airlines to get another new airline partner: Travel Service Airlines

Czech Airlines-CSA (Prague) and partner Korean Air (Seoul) have announced Korean Air has exercised its option and brought in another equity partner. Travel Service Airlines (Prague) is acquiring a 34 percent share in Czech Airlines. Korean Air retains its 44 percent share.

The airlines issued this statement:

Czech Aeroholding has been informed by Korean Air about its requirement to use option to exercise its right to purchase further 34% of Czech Airline stock from Czech Aeroholding. This step is in accordance with the purchase contract on the sale of 44% of Czech Airline stock signed by Korean Air and Czech Aeroholding in April this year. Korean Air will subsequently sell 34% stake to Travel Service, an air carrier, which will thus become a co-shareholder of Czech Airlines thus joining Korean Air which holds 44% of shares, Czech Aeroholding with the final share of 19.74% and Ceska Pojistovna which will continue to hold its 2.26% share in Czech Airlines.

Korean Air explains the decision to exercise its option on further 34% of the Czech Airlines shares which is to be subsequently sold to Travel Service by its plan to reinforce its operations in Europe. Working together with Travel Service, the company wishes to make Vaclav Havel Airport Prague its European hub. The entry of Travel Service into Czech Airlines will provide Korean Air with connections to approximately 40 new destinations in Europe to which their passengers will be able to fly after their transfer at Vaclav Havel Airport Prague.

As early as in spring of this year, Korean Air purchased 44% of Czech Airlines shares from Czech Aeroholding which it will continue to hold. Now it wishes to use the Czech Airlines platform to collaborate with Travel Service. With regard to the fact that Travel Service, the new shareholder, is a Czech air carrier, Czech Airlines will not lose the status of the so called national carrier.

We regard the development of Vaclav Havel Airport Prague aiming to make it a Central-European hub as absolutely crucial. The fact that Korean Air is bringing another key partner into Czech Airlines represents a step toward fulfilling this aim. I am convinced this partnership will be advantageous particularly for passengers who, in future, will be able to choose from a more quality product – a wide network of destinations – provided by the three carriers,” said Miroslav Dvorak, chairman of the Board of Directors and CEO of Czech Aeroholding.

In spite of the fact that the contractual documentation might be signed as promptly as possible, it will surely include suspensory conditions. This is because the entire transaction is first subject to approval by the competent antitrust authorities, which may take several months before it can take effect.

In the context of changes of the Czech Airlines shareholder structure, Philippe Moreels, the current President and Chairman of the Board, announced its intention to resign from both positions. “I welcome the entry of Travel Service into Czech Airlines and also perceive it as the culmination of the company’s intensive four year restructuring period. In this new phase, Czech Airlines is going to need some new blood and a change in its management style. Therefore, it is logical that all the shareholders will agree on a new company president after the transaction has been completed. Until then, I will continue to be available and will be working on all the steps necessary allowing the transaction to bring a synergy effect to allthe partners as soon as possible,” said Philippe Moreels about his intention to resign from both his positions after the transaction has been approved by antitrust authorities.

After the transaction has been approved by antitrust authorities, the Czech Airlines statutory bodies will continue to consist of three members and their composition will reflect the new shareholder structure of the company.

Top Copyright Photo: Karl Cornil/AirlinersGallery.com. Airbus A319-112 OK-NEM (msn 3406) of Czech Airlines arrives in Amsterdam with the special 90 Years (1923-2013) logo.

Czech Airlines-CSA: AG Slide Show

Travel Service Airlines: AG Slide Show

Korean Air: AG Slide Show

Bottom Copyright Photo: Paul Bannwarth/AirlinersGallery.com. Travel Service Airlines’ (Czech Republic) Boeing 737-8CX OK-TVB (msn 32362) prepares to land in Nantes, France.

 

Korean Air finalizes its 44% investment in Czech Airlines

Czech Airlines-CSA (Prague) has a new savior. Announced last month, Korean Air (Seoul) finalized its 44 percent investment in the flag carrier yesterday (April 11). The Czech government has now been successful in finding a viable airline partner to help the struggling carrier survive the difficult current environment in Europe. Without a new partner, Czech Airlines would have been liquidated by the government.

However Korean Air has publicly stated it is not interested in managing the the Czech carrier. Korean Air is likely to use its new investment as a feeder airline for its Asian flights.

Read the full report from Reuters: CLICK HERE

Copyright Photo: Pascal Simon. Airbus A319-112 OK-NEM (msn 3406) slips into Zurich after a short hop from Prague.

Czech Airlines: AG Slide Show

Korean Air: AG Slide Show

Czech government approves the Korean Air $3.4 million bid to acquire 44% of Czech Airlines

Czech Airlines-CSA (Prague) will have a new airline partner. The Czech government has approved Korean Air‘s (Seoul) $3.4 million offer to acquire 44 percent of the stock of state-owned Czech Airlines.

Read the full report from The Financial Times: CLICK HERE

Copyright Photo: Keith Burton. Airbus A320-214 OK-GEB (msn 1450) departs from Southend.

Czech Airlines-CSA: AG Slide Show

Korean Air submits a bid to acquire 44% of the stock of unprofitable Czech Airlines

Korean Air (Seoul) has submitted a proposal to acquire 44 percent of the shares of unprofitable Czech Airlines-CSA (Prague) according to this report by the Wall Street Journal. Reportedly Korean was the only bidder for this minority share. The airline is currently owned by the Czech Ministry of Finance (56.92%), Czech Consolidation Agency (34.59%) and other Czech institutions.

Previously in December 2012, Czech Airlines announced it would acquire the Airbus A330 starting in June 2013, enabling the flag carrier to launch new scheduled service to Seoul, South Korea, and to initiate more intensive code-share cooperation with Korean Air in operating long-haul flights from Prague via Seoul to Asia.

Korean Air wants a larger presence in Europe and, if successful, would not interfere with Czech management of the company.

Read the full report: CLICK HERE

On the financial side, KAL issued this statement:

Korean Air, South Korea’s flagship airline, has announced its financial results for the fourth quarter and full year ending December 31, 2012.

Due to weak economic recovery and high fuel prices, Korean Air posted an operating income of 3,083.5 billion KRW for the fourth quarter of 2012, and an operating loss of 17.6 billion KRW. International passenger and cargo business remained the major revenue contributors for the airline in Q4, accounting for 56.4% and 26.5% of the operating revenue respectively. Compared to the same period last year net income for Q4 increased by 215.1% to 140.3 billion KRW.

For the full year of 2012, the airline recorded an operating income of 12,728 billion KRW, up 3.7% year-on-year, and an operating profit of 322.4 billion KRW. The net income for 2012 returned to the black and reached 256.4 billion KRW.

Copyright Photo: Jacek Fiszer. Czech Airlines has retired its Boeing fleet and now operates an Airbus and ATR fleet only. Airbus A319-112 OK-PET (msn 4258) approaches Warsaw.

Czech Airlines-CSA: AG Slide Show

Korean Air: AG Slide Show