Tag Archives: prague airport

Czech Airlines to lay off a third of its staff due to a drop in demand in eastern Europe

Czech Airlines-CSA (Prague) has been forced to lay off 280 staff members, a third of its workforce, including 70 pilots due to slumping traffic. The company is restructuring to meet the current conditions. As part of this restructuring, the company is grounding or leasing out its six Airbus A320s as it attempts to reduce its fleet according to Reuters. Tragically the airline has put its emphasis on serving destinations in eastern Europe. The current on-going conflict in the eastern Ukraine has translated to a drop in traffic.

The holding company of the flag carrier issued this statement:

The new Czech Aeroholding management reviewed in detail the economic results of all companies incorporated in the Czech Aeroholding Group, including Czech Airlines, upon its appointment at the turn of June and July 2014. The second largest shareholder, Korean Air, was then informed about the situation in Czech Airlines, too. Together, they agreed to draft a restructuring plan with the goal of keeping the current revenue upon decreased costs. This plan was unanimously approved by all shareholders in a General Meeting at the beginning of September. Several restructuring measures, predominantly in the revenue area such as a new one-way tickets concept, flight schedule changes and changes to the company’s transport network (including those in the Russian market), have already brought first results. For the first time in several years, Czech Airlines will record a net operational profit for the entire summer season. Concurrent with the restructuring plan, negotiations among all shareholder regarding investments into Czech Airlines are currently in progress. Upon their closing, Czech Aeroholding and all shareholders will inform the general public of their future steps in regards to Czech Airlines.

Copyright Photo: OSDU/AirlinersGallery.com. Airbus A320-214 OK-MEI (msn 3060) in the special “Prague Love You – Prague Airport” arrives at Moscow (Sheremetyevo) from Prague.

Czech Airlines-CSA: AG Slide Show

Newsworthy Photo of the Day – May 17, 2013

Travel Service Airlines (Czech Republic) Boeing 737-8Z9 WL OK-TVX (msn 33833) (Prague loves you – Prague Airport) AMS (Ton Jochems). Image: 912156.

Copyright Photo: Ton Jochems/AirlinersGallery.com.

Hot New Photos: AG Hot New Photos

LOT Polish Airlines puts its first Boeing 787-8 Dreamliner into revenue service, seeks state aid

LOT Polish Airlines (Warsaw) put its first Boeing 787-8 Dreamliner (SP-LRA, msn 35938) into revenue service today (December 14). The company issued the following statement:

At 8:00 a.m. today, LOT Polish Airlines Boeing 787 Dreamliner SP-LRA took off from the Chopin Airport in Warsaw on its first scheduled flight to Prague. It is the first commercial flight of the LOT Dreamliner (and the first by an European carrier).

Flight LO 523 from Warsaw to Prague lasted 57 minutes. On board there were 175 passengers for whom LOT had prepared special certificates commemorating this first extraordinary flight. For the return flight, 149 passengers have been booked. The plane is planned to take off from Prague airport at 10:05 a.m. and is scheduled to arrive in Warsaw at 11:10 a.m.

The Dreamliner will fly to Prague on selected dates from mid-December to mid-January, 2013. The upcoming flights are scheduled to operate on December 15, 16, 18, 19, 20 and 28. The four remaining dates are January 2, 11, 12 and 14, 2013.

The flight to Prague kicked off a series of promotional flights in Europe, at which time the Dreamliner will visit nine European cities in total: Prague, London, Vienna, Munich, Frankfurt, Hannover, Kiev, Budapest and Brussels.

LOT Polish 787-8 SP-LRA (11)(Cabin)(GST)(LRW)

Copyright Photo: Gordon Stretch. The cabin of SP-LRA is seen on one of the promotional flights in Europe.

We have decided to operate the first Dreamliner flight to Prague, as it is a one-hour flight only from Warsaw and it seems ideal for the first “neighborly” visit of LOT Dreamliner in Europe. Actually, it will not be the only flight to Prague – the Dreamliner will visit the Czech capital a number of times – says Zbigniew Mazur, acting LOT CEO. I am glad passengers from the Czech Republic will be the first to experience the comfort of travel on board the world’s most modern passenger plane belonging to the Polish carrier – adds Zbigniew Mazur.

As we have mentioned previously, the first trans-Atlantic flight of LOT Dreamliner will be operated to Chicago (O’Hare) on January 16, 2013. Its next destination will be Toronto (Pearson) on February 1, 2013. On February 3, passengers will fly aboard the Dreamliner to New York (JFK), and Beijing will welcome the LOT Boeing 787 one month later on March 3, 2013.

In other news on the financial side, LOT Polish has requested state financial aid. According to this report by the Wall Street Journal, LOT Polish Airlines has filed a request for state aid, the first installment of 400 million zlotys ($125 million) according to the Polish government. LOT, which was close to bankruptcy in 2009, lost money in 2011 and is expected to post another loss for 2012. The CEO of the company has resigned.

Read the full report: CLICK HERE

Copyright Photo: Nick Dean. Boeing 787-8 Dreamliner SP-LRA is seen at Paine Field near Everett prior to the official handover.

LOT Polish Airlines: AG Slide Show