By David Kaminski-Morrow2021-03-10T16:43:00+00:00
Czech Airlines creditors are being urged to submit claims within two months following the carrier’s filing for insolvency with a Prague court.
The municipal court has ruled that an interim creditors’ committee be appointed with Czech Airlines Technics, the Czech bank Ceska Sporitelna, and the aviation general sales agent Air World Services among its members.
Czech Airlines had proposed an interim committee when it filed its insolvency petition, in a bid to restructure the company, on 26 February.
“[The company] justified the proposal by saying that it wanted to operate within the insolvency process as transparently as possible,” says the court in a 10 March decision.