All Smartwings articles
-
NewsIsrair Group ends long-running negotiations to acquire Czech carrier Smartwings
Israeli operator Israir Group has ended long-running discussions to acquire Czech-based carrier Smartwings.
-
NewsCzech Airlines drops out of SkyTeam as Smartwings takes over flight operations
Czech Airlines has ceased to be a member of the SkyTeam alliance, following a change to the company’s business model that involves associate airline Smartwings taking over its operations. SkyTeam says the carrier’s membership ended effective 26 October. As a result of the structural change, Czech Airlines will no longer ...
-
NewsIsrair Group remains keen on Smartwings despite hold-up in negotiations
Israir Group has indicated that it is still interested in pursuing Czech carrier Smartwings, but that its previous proposed transaction might need to be amended.
-
NewsRyanair and Transavia among growing list of airlines making Tel Aviv return
Ryanair and Transavia France are among carriers to have announced in the past few days that they will resume flights to Tel Aviv on 1 February, as more operators reverse the suspension of operations that followed the outbreak of war between Israel and Hamas.
-
NewsIsraeli operator Israir to introduce another pair of A320s
Israir Group’s board has approved the introduction of another pair of Airbus A320s to develop the Israeli operator’s fleet. The two aircraft will be dry-leased and arrive in 2024, according to the company, if an agreement is finalised. Israir Group says the decision is part of a management plan to ...
-
NewsIsrair Group agrees six-month extension to Smartwings negotiations
Israeli operator Israir Group has agreed a six-month extension to the deadline for completing negotiations over its proposed acquisition of Czech carrier Smartwings. Israir Group says the 180-day extension – which commences on 4 August – has been agreed with Smartwings shareholders. The negotiations between the parties concern particular aspects ...
-
NewsIsrair pays deposit to advance Smartwings acquisition talks
Israir Group has paid a €500,000 ($544,000) deposit in favour of Chinese firm CITIC Group, as part of the Israeli operator’s negotiations to take over Czech airline Smartwings. CITIC is linked to the Chinese economics ministry and holds just over 49.9% of Smartwings. Israir Group has been negotiating with Smartwings’ ...
-
NewsIsrair granted extension to Smartwings talks with Chinese investors
Israeli leisure operator Israir Group has been granted an extension to complete negotiations with Chinese interests regarding its proposed acquisition of Czech carrier Smartwings. Israir Group says the extension will run to 3 July. Aspects of the discussions include the deposit of €500,000 ($547,000) in favour of CITIC Group, which ...
-
NewsIsrair to submit Smartwings transaction proposal to Chinese shareholder
Israir Group has outlined the requirements to bid for the Chinese shareholding of Czech carrier Smartwings, of which the Israeli leisure company is pursuing an acquisition. China’s economics ministry, through CITIC Group, holds 49.92% of Smartwings while the 50.08% balance is owned by entities controlled by investors Roman Vik and ...
-
NewsIsrair claims ‘positive’ signs from Smartwings shareholders
Israeli operator Israir Group has received a “positive indication” from shareholders in Smartwings regarding its proposal to take over the Czech airline. Israir Group has been pursuing an acquisition of Smartwings for several months and is trying to seal a binding agreement for the carrier. Its proposal has centred on ...
-
NewsIsrair holding ‘intensive’ talks over Smartwings acquisition
Israeli leisure operator Israir Group states that it is conducting “intensive negotiations” with Czech carrier Smartwings’ owners, in order to reach agreement to acquire the airline. Although the company says the tender process has advanced, it reiterates that it might not be the only contender and “does not know” whether ...
-
NewsIsrair Group awaiting progress update on Smartwings bid
Israeli leisure operator Israir Group is expecting to learn more about the status of its bid for Czech carrier Smartwings in the second half of January. Israir Group submitted a formal proposal to acquire Smartwings last year. It has yet to confirm whether its offer – which included a takeover ...
-
NewsIsrair details updated bid for Smartwings
Israeli carrier Israir has detailed its binding offer for Czech operator Smartwings, but has yet to discover whether it will be successful. Israir says the transaction, if accepted, would be valued at €44 million which includes €8 million for the entire share capital of Smartwings. Another €12 million would be ...
-
NewsIsraeli carrier Israir lines up bid for Czech operator Smartwings
Israeli leisure carrier Israir has identified Czech budget operator Smartwings as the target of a takeover offer. Israir, which was acquired by an investment firm last year, had disclosed earlier this year that it was participating in a private process with a view to acquiring the entire share capital of ...
-
NewsFlydubai to wet-lease 737-800s from Smartwings
Flydubai is again looking to Smartwings for leased capacity going into the busy seasonal travel period.
-
NewsSmartwings claims first 737 Max flight to Antarctica
Czech carrier Smartwings has conducted a Boeing 737 Max service to Antarctica, landing the aircraft at the Troll airfield on 26 January. The airline says the Max 8 twinjet (OK-SWB) is the first from the re-engined family to arrive in Antarctica. Troll station is sited on the edge of Antarctica ...
-
NewsSmartwings exits creditor protection after securing loan
Smartwings has signed a Kc2 billion ($90 million) loan agreement with a syndicate of banks under the the Czech Government’s Covid Plus support programme helping it to come out of a moratorium with creditors it has been in since the pandemic hit. The Kc2 billion loan with four banks is ...
-
NewsCzech Airlines files for reorganisation
Czech Airlines (CSA) has filed for reorganisation under insolvency regulations as “the last option to save the company” unless it receives government financial support.
-
NewsA320 veered off runway as late hydraulic failure 'surprised' pilots
Pilots of an Airbus A320 were caught out by a hydraulic failure as the aircraft landed at Burgas, their reaction leading the twinjet to veer off the runway and come to rest on rough ground. Operating for Smartwings, the Greek-registered Orange2Fly aircraft had suffered a leak in its green hydraulic ...
-
Airline BusinessHow many jobs have Europe’s airlines cut in 2020?
Tens of thousands of jobs have been lost in Europe’s airline sector since the crisis began, as carriers seek to reduce cash burn and ‘right-size’ for the eventual recovery in demand.