20-Nov-2009 8:27 AM

Czech Airlines approves long-term stabilisation plan

Czech Airlines' long-term stabilisation plan was approved at its Extraordinary General Meeting. The carrier stated it does not plan on selling assets that are of key importance to the carrier's main business, with the EGM also approving a reduction in the number of Supervisory Board members from 12 to six, and the Management Board from nine to five members. The Supervisory Board also elected Michal Mejstøík as its Chairman, after Miroslav Zámeèník stepped down as the Supervisory Board Chairman. [more]