CSA and Prague Airport merged in move aimed at creating financial stability

The Czech government has merged CSA Czech Airlines and Prague Airport into one entity, Český Aeroholding. Announcing the decision, the Finance Ministry said the move would create a stable subject with a strong capital position from the two state-run companies. CSA has been in financial difficulties for some time and has been managed since last year by the profit-making Prague Airport. Other airlines have said they are concerned that the airport could give unfair advantages to CSA under the deal.

Author: Chris Johnstone