At Monday’s meeting, the company’s creditors also agreed on the reorganization of CSA.
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The insolvency court recognized the creditors’ claims against CSA for more than 821 million crowns, but this is not yet the final amount. In its own proposal for insolvency, CSA stated debts worth 1.8 billion crowns.
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CSA has been in bankruptcy since March, but its operations continue.
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The company was hit by the effects of the coronavirus epidemic, during the crisis the carrier had to cancel a large number of connections. He laid off around 300 workers last year due to losses. In February, the company announced to the Labor Office its intention to lay off all 430 employees. In this context, CSA pointed out that this is one of the steps in the planned reorganization, and the intention does not necessarily mean the release of everyone.
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