Business

Smartwings Sues Boeing Over Grounded 737 MAX Losses
Smartwings Returns Boeing 737 MAX To Service

After almost two years, Smartwings has returned the Boeing 737 MAX to regular service. Before today’s flight to Malaga, the carrier modified the aircraft as required and successfully performed a verification flight with it on Wednesday. By the summer, the airline wants to deploy the remaining six of these aircraft gradually. “No machine has undergone […]

Aston Martin Losses Soar To £466M

Last year, the British luxury car manufacturer Aston Martin lost 466 million pounds, about 14 billion crowns, from 120 million pounds in the previous year. Last year, the company, like other carmakers, faced the negative effects of coronavirus spread. However, the company also stated that it expects a significant increase in sales and a gradual […]

Liberty Ostrava, Tameh Reach Settlement In Pricing Dispute

The dispute between Liberty Ostrava and its energy supplier Tameh Czech is over. The parties agreed on a partial settlement of the accumulated energy debts and set the framework for future financial relations. At the same time, Tameh withdrew the lawsuit they filed last November. “The agreement is a success for both parties and guarantees […]

Czech Airlines
Czech Airlines Restructuring In Bid To Save Itself

CSA is preparing a restructuring to save the company, company spokeswoman Vladimíra Dufková said today. Part of the restructuring includes redundancies, which the company has notified the Labor Office in recent days. However, according to the company, this is only an intention and does not necessarily mean all employees’ dismissal. Hospodářské noviny (HN) writes today […]

CEZ In Talks On Cooperation With Vodafone CR

ČEZ is holding talks to acquire the Czech branch of Vodafone. It is being decided which parts of Vodafone’s business would make sense for CEZ and how much. Vodafone confirmed the negotiations on “cooperation” According to reports, the decision should be made by the summer. Last year, the energy company announced its plans to build […]

airbus
Airbus Lost €1B Amid Pandemic

Airbus reported an operating loss of 510 million euros in 2020 due to the covid-19 pandemic after gaining 1.3 billion euros in the previous year. The company announced it today. The company’s revenues fell by 29 percent to 49.9 billion euros last year. Operating profit excluding extraordinary items fell 75 percent to 1.7 billion euros. […]

Skoda Auto production line
Czech Car Production Down 12% In January

In January, the production of passenger cars in the Czech Republic fell by 11.7 percent year on year to 104,576 vehicles. The reason is the continuing impact of the coronavirus pandemic, which is reflected in the decline in demand for cars in Europe. It was a quarter lower than last year. The Association of the […]

Czech Antimonopoly Office OKs Sokolovské Uhelné Acquisition Of T-Watt

The Office for the Protection of Competition (ÚOHS) has approved Sokolovské uhelné’s plan to buy T-Watt. “Competitors are merging mainly in wholesale electricity and providing energy management consulting for local distribution network operators. During the administrative proceedings, the Office found that the said concentration would not result in a significant distortion of competition, “the Office […]