Czech Connect Airlines files for bankruptcy
Czech Connect Airlines has filed for bankruptcy, with the operations of the Ostrava-based carrier ceasing on 21-Jan-2012. According to local medial reports from Mladá fronta dnes and Radio Prague, the suspension occurred after one of the carrier's main investors reportedly withdrew from the carrier. The airline’s owners and management will be discussing measures to save Czech Connect Airlines, launched in 2011, and to minimise the impact on customers, employees and business partners. Czech Connect Airlines' network was predominantly focussed on scheduled services to Russia and charter services for travel agencies to summer destinations. In 2011, the carrier handled around 108,000 passengers with a fleet of one Boeing 737-300 and a 737-400.