Czech Airlines has emerged successfully from its reorganization process which was declared complete by the decision of the Municipal Court of Prague dated 28 June 2022.
Our company was going through the reorganization process since 10 March 2021 in order to mitigate the challenging circumstances resulting from the global crisis in aviation industry as a consequence of the COVID-19 pandemic. Czech Airlines fulfilled all substantial parts of the reorganization plan previously approved by its creditors and the court on 28 June 2022 and, thus, complied with the conditions for a successful completion of the reorganization.
Unused tickets purchased on/before 10 March 2021 and unused vouchers issued in exchange for tickets originally purchased on/before 10 March 2021 were settled in compliance with Czech Airlines´ reorganization plan. Pursuant to the applicable Czech and EU legislation governing the insolvency and reorganization proceedings as well as in compliance with the parameters of Czech Airlines´ reorganization plan approved by its creditors and the court, the utilization of such tickets or vouchers was possible for travel till 29 October 2022 at the latest.
Czech Airlines operation continues according to the published schedules.
We appreciate your understanding!