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CSA Share in Letiste Passengers Declines, Dvorak Tells Pravo

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Feb. 20 (Bloomberg) -- Ceske Aerolinie AS’s share of passengers handled at Letiste Praha AS fell to 36 percent from 45 percent in 2009, Miroslav Dvorak, the chief executive officer of Cesky Aeroholding, told Pravo in an interview.

The share should decline to 25 percent by the end of the restructuring of the unprofitable state carrier, which is being put together into a holding with the airport by the government, Dvorak said in Pravo.

The Czech Republic has to avoid what happened in Hungary, where the bankruptcy of state-owned carrier Malev Zrt had a huge effect on the airport, Dvorak told the newspaper.

The government will have to find a strategic partner for CSA that would guarantee that it remains a network carrier based in Prague. A strong partner from Asia would be the best option for the carrier, Dvorak said.

The official tender for CSA will probably start in the second half the year after CSA is fully integrated into Cesky Aeroholding, a joint company of CSA and Letiste Praha AS, Dvorak said.

To contact the reporter on this story: Lenka Ponikelska in Prague at lponikelska1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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