The country's national air carrier, Czech Airlines (CSA), has announced
that it is going to change its logo. The new logo will comprise the letters
CSA written in white in a red triangle. A spokesman for the company said
the airline's old logo was considered to be too dull and eastern European,
which could lead to negative perceptions of the standard of services
provided. The new logo will also include the words ""Czech
Airlines" to make it more understandable for foreign clients who now
make up 80 percent of CSA's passengers.
The change of logo is part of an overall re-branding process within CSA, which includes new designs for its staff uniforms and sales outlets.
In Business News this week: the EC recommends Czechs to slash deficit in public finances; Ceske Aerolinie records loss of 175 million crowns in the first half of this year; the Czech government launches privatisation of Letiste Praha; the energy power giant CEZ is to build power station in Vietnam in deal worth 3 billion dollars; and the number of Vietnamese doing business in Czech Republic is on the rise.
In the first half of this year Czech Airlines succeeded in having more of its flights take off on time than any other major airline, a spokesperson for the national carrier said, quoting a report by the Association of European Airlines. CSA finished sixth in annual surveys carried out in 2005 and 2006.
The national airline, Ceska Aerolinie, approved plans to sell its freight terminal at an extraordinary general meeting on Thursday. Central European Handling is expected to buy the terminal, in a deal which is thought to be worth more than 750 million CZK (37 million USD). Ceska Aerolinie is selling the terminal to cut its losses, which were posted at 400 million crowns last year. Analysts predict that with the sale of the terminal, and the airline's catering services, the company could make a slight profit of 42 million crowns in two year's time.
Health officials have been put on alert after learning that an American man who flew from Prague to Montreal last Thursday was carrying a highly dangerous strain of tuberculosis. A number of passengers on the Czech Airlines flight are to undergo medical tests to make sure they haven't become infected, although Czech officials say the chances of the infection spreading to other passengers were low.
In Business News: the government approves a package of tax and public spending reforms; the EC is to warn the Czech Republic that it is failing to keep its public deficit under the limit of three percent of GDP; the OECD forecasts a slightly slower economic growth for the Czech Republic; Czech companies have won a 120-million-dollar contract in Iraq.
In business news this week: management and trade unions at Skoda Mlada Boleslav resolve long-standing pay dispute. The state-controlled Czech airline CSA reports another rise in passenger traffic in the first quarter and, the world-famous fashion brand Giorgio Armani may have its suits made at Czech clothing producer OP Prostejov.
The Czech state-controlled airline CSA carried 1.06 million passengers during the first three months of the year, 5.9 percent more than during the same period in 2006, the airline announced on Tuesday. Last year, CSA carried 5.5 million passengers, a 4.7-percent increase on 2005. The cash-strapped airline hopes to return to profit in 2008 following a major restructuring programme launched in 2006 which includes the shedding of non-core activities.
In Business News: new figures show GDP growth in 2006 was 6.1 percent, equalling the record set the previous year; the average monthly wage has passed the 20,000 crown mark; unemployment is at its lowest level in eight years; Czech Airlines makes a smaller loss than expected; Czech Railways sees a slight increase in passenger numbers; the road tolling system could be intensified considerably, says the transport minister: and Skoda reveal the newest version of their popular Fabia.
Czech state-controlled airline CSA said on Thursday it had cut its 2006 losses to 397 million crowns (18.5 million dollars). According to international accounting standards, the pre-tax totalled 1.5 million dollars, the airline added. CSA said it counted on making a 42-million-crown profit this year. But it cautioned that the result would depend on further restructuring and sales of non-core assets and that a new labour code could have a negative impact of up to 180 million crowns.