Czech Airlines has decided not to accept the offer of strategic cooperation in charter carriage presented to it several weeks ago by a Travel Service. The Airline prefers to hive off its charter carriage services into a subsidiary that will take those activities over from CSA and operate independently on the charter market. "The outcome of the negotiations did not meet our expectations, which is why we have decided not to accept the offer. We will now adhere to the philosophy of a holding arrangement for the company. I am convinced that, at this moment, that path would be of greater benefit to the company,” said the Chairman of the Management Board and President of CSA, Miroslav Dvořák. By this decision, the company’s management confirms the long-term plan to head towards a holding arrangement of CSA. In January 2010, all passenger and aircraft handling services were hived off into a separate subsidiary. CSA will present detailed information and the basic principles for the functioning of the independent company once they are approved by the Supervisory Board.
