Yesterday, CSA said it will reduce its operating fleet to 44 aircraft to obtain sufficient cash to survive. The state carrier also said it will scrap unprofitable routes to New York and Toronto, it's already reducing it's Manchester slots
It will not renew leases on two A310s, and will reduce the number of management employees by 20%, also asking employees agree to a 15 to 30% pay cut
He who laughs last obviously has'nt heard the bad news.