The companys debts stand at CZK 1.8 billion (EUR 68 million), and the future will be clearer in June after the creditors meeting.
The Prague City Court has declared Czech Airlines bankrupt. The fate of one of the worlds oldest airlines will be decided by a court, insolvency administrators and creditors.
This is based on information published in the Insolvency Register. The companys creditors must file their claims as soon as possible and the court called a meeting of creditors in June. The insolvency administrator is now awaiting a decision on whether the airlines should continue to operate or sell their assets.
Self-judge Petr Pacholk requested and obtained the assignment of a…
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