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Czech Airlines: creditors approved the reorganization plan

Step forward in the company rescue process

16 June, 17:32
(ANSA) - ROME, JUN 16 - The Czech Airlines today received the support of their creditors, who approved the "company's reorganization," announced the airline through a statement. "The creditors' meeting also decided that the parent company of Czech Airlines, Smartwings, should prepare its reorganization plan - the Czech Airlines statement reads - The reorganization request was filed to find the best solution for the difficult financial situation of the company, due to the consequences of the global aviation crisis following Covid-19. The clearance for the reorganization - the company underlined - represents another important step forward in the rescue process of Czech Airlines to ensure its further development. As a result, Czech Airlines flight operations continue until now on valid schedules." (ANSA).

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