The Czech Republic’s flag carrier has filed for bankruptcy

The Czech Republic’s flag carrier, CSA (which stands for České Aerolinie), has filed for bankruptcy under the country’s Insolvency Act (Act N° 182 or 2006), which as of 2013, offers a debt discharge program. This Insolvency Act is used for 3 types of insolvency proceedings: those of bankruptcy, reorganisation and debt relief. Prior to filing […]

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