Help for Czech CSA
Created: May 04, 2010 11:00 AM
PRAGUE (AP) — The Czech government has approved a three-year plan to restructure the troubled Czech national carrier CSA, the finance minister said yesterday.
Eduard Janota said the airline is expected to reduce its fleet by one-third as part of the plan and lay off some ten percent of its workforce.
CSA currently has a fleet of 50 planes and employs more than 3,000 people.
The changes should cut the airline loss from 3.7 billion koruna ($192 million) in 2009 to 600 million koruna ($31 million) this year, with the company expected to become profitable in 2012, Janota said.