Travel Service to develop SmartWings Group

    Travel Service reportedly plans to operate all services under the SmartWings brand and develop the CSA Czech Airlines brand, as part of the reorganisation of the group (idnes.cz/denik.cz, 23-Oct-2018). The group plans to modernise the fleet, establish additional bases and expand the network, according to chairman Jiří Šimáně. In 2018, Travel Service acquired a 44% CSA Czech Airlines stake from Korean Air and a 19.74% stake in CSA Czech Airlines from Czech Republic owned PRISKO, increasing its ownership from 34% to 97.74%, as previously reported by CAPA.