Company spinoff contemplated at Czech

The first business units likely to be sold at CSA Czech Airlines are the carriers’ cargo, catering and duty free operations, reports eastbusiness.org,

The story reports that the beleaguered airline is not certain how much the catering operation can earn on the open market since its operation in Prague is primarily to serve the flag carrier.

Last year, the airline logged losses of €17.5 million (US$22 million) and officials said that the airline could not expect to return to profits until 2008. The airline could lay off up to 10 percent of its 5,500 staff to cut costs.

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