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Czech Airlines goes bankrupt as Covid-19 impacts operations – Hindustan Times

A specialist transport website, zdopravy.cz, said the company had debts reaching 1.8 billion Czech crowns (70 million euros, $80 million).

AFP, Prague

PUBLISHED ON MAR 10, 2021 09:29 PM IST

A Czech court said on Wednesday it had declared bankruptcy on struggling national carrier Czech Airlines, following a request by the company itself.

“The court calls on the debtor’s creditors who have not registered their claims yet to do so within two months at the latest,” the Prague Municipal Court said.

A specialist transport website, zdopravy.cz, said the company had debts reaching 1.8 billion Czech crowns (70 million euros, $80 million).

Czech Airlines, a unit of the Prague-based Smartwings group, said last month it had filed a proposa…

Read the full article at: https://www.hindustantimes.com/world-news/czech-airlines-goes-bankrupt-as-covid-19-impacts-operations-101615390702135-amp.html

Category: BankruptcyBy Insolvency Advisory AccountantsMarch 10, 2021

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Czech Airlines goes bankrupt as Covid-19 impacts operations – Hindustan Times

  • A specialist transport website, zdopravy.cz, said the company had debts reaching 1.8 billion Czech crowns (70 million euros, $80 million).

AFP, Prague

PUBLISHED ON MAR 10, 2021 09:29 PM IST

A Czech court said on Wednesday it had declared bankruptcy on struggling national carrier Czech Airlines, following a request by the company itself.

“The court calls on the debtor’s creditors who have not registered their claims yet to do so within two months at the latest,” the Prague Municipal Court said.

A specialist transport website, zdopravy.cz, said the company had debts reaching 1.8 billion Czech crowns (70 million euros, $80 million).

Czech Airlines, a unit of the Prague-based Smartwings group, said last month it had filed a prop…

Read the full article at: https://www.hindustantimes.com/world-news/czech-airlines-goes-bankrupt-as-covid-19-impacts-operations-101615390702135.html

Category: BankruptcyBy Insolvency Advisory AccountantsMarch 10, 2021

Post navigation

PreviousPrevious post:32yo Vietnamese Man Cancels Friends & Relatives’ RM17,000 Debt Owed To Him – WORLD OF BUZZNextNext post:CITY PROS | Struggling to make payments? Get help with Debt Redemption Texas Debt Relief – KENS5.com

Related Posts

Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
Australia AGD Moves to Reform Bankruptcy Law – Regulation Asia
July 17, 2024
Law reform to lift stigma from bankruptcy, deliver fairer system – The Mandarin
July 17, 2024
How the new $20,000 personal bankruptcy threshold could affect SME directors – SmartCompany
July 17, 2024
Australia AGD Moves to Reform Bankruptcy Law – Regulation Asia
July 17, 2024
Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
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