CzeCh airlines - České aerolinie

Important Developments during 2010 and 2011,
as of the date the Annual Report went to press
annual report 2010 | 7
2010
JANUARY
▶ All activities connected to
aircraft handling and passenger
check-in were transferred to the
subsidiary Company
ČSA Support, s.r.o.
▶ Czech Airlines won the Rhodos
Award for Company image for
the second year in a row.
▶ A tender for the purchase of
Czech Airlines’ independent
business unit, Duty Free,
was won by a member of the
international group Lagardére
Services, Aelia Czech Republic.
FEBRUARY
▶ An extraordinary General
Meeting of Czech Airlines discussed
an offer by a party seriously
interested in cooperation
in the field of charter transport
and gave the Management of
the Company a mandate to
continue negotiations.
▶ A subsidiary Company of Czech
Airlines, ČSA Support, s.r.o.,
was renamed Czech Airlines
Handling, s.r.o., after it took
over all operations connected
to aircraft handling and passenger
check-in.
▶ The European Commission
launched a formal investigation
to review all stabilization and
restructuring steps undertaken
in Czech Airlines, including
the audit of a loan provided to
Czech Airlines by OSINEK, a.s.
▶ The transfer of an independent
sales unit SOJ Duty Free
to Aelia Czech Republic was
completed. 79 employees of
Czech Airlines were transferred
to the new employer.
▶ Czech Airlines won the Best
Airline Company category in
the TTG Travel Awards competition
for the tenth time.
MARCH
▶ Czech Airlines decided not
to accept an offer by Travel
Service relating to strategic
cooperation in the field of charter
transport. The Company
preferred to hive off the nonscheduled
transport services to
a subsidiary Company.
▶ The summer flight timetable
came into effect at the end of
March. In the summer season
of 2010, Czech Airlines offered
regular flights to 110 destinations
in 45 countries of the
world, of which 68 destinations
in 38 countries were operated
within its own flight network.
APRIL
▶ The Supervisory Board agreed
to the proposal of the Board of
Directors to present the newly
prepared Restructuring Plan
to the Ministry of Finance of
the Czech Republic in order to
fulfil the relevant Government
Resolution.
▶ The eruption of an Icelandic
volcano stopped air traffic over
Europe for almost seven days.
Czech Airlines was unable
to dispatch more than 900
flights; an estimated 75,000
Czech Airlines passengers were
affected.
▶ The state visit by US president
Barack Obama and the Russian
president Dmitry Medvedev
was one of the most important
events of the year. The employees
of the non-contractual
handling firm Czech Airlines
Handling were in charge of the
handling of the Russian side’s
aircraft.
MAY
▶ The Czech Government approved
the Czech Airlines
Restructuring Plan intended to
transform the Company into
a stable enterprise. The Plan
confirms that the Company
is heading in the direction of
a holding structure.
▶ Czech Airlines launched an innovated
version of its website.
▶ An extraordinary General
Meeting of Czech Airlines decided
to increase the Company’s
registered capital, and to go
ahead with the capitalization of
a loan from OSINEK, a.s.
▶ The transfer of Hangar F to
Prague Airport was completed.
The new owner guarantees
Czech Airlines long-term usage
rights.
JUNE
▶ Since 1 June 2010, the charter
services of Czech Airlines have
been handled by the airline’s
subsidiary HOLIDAYS Czech
Airlines, a.s.
▶ The inevitability of restructuring
the Company and the
correctness of its direction was
confirmed by the Czech Airline
Pilots Association CZALPA
on the basis of an independent
analysis it had commissioned
by agreement with the
Management of the Company.
▶ The Czech Airlines General
Meeting of shareholders approved
steps transforming the
Technical Department into an
independent subsidiary.