Major changes are imminent for the insolvent airline CSA, as the company could be spun off from the Smartwings group. At the same time, the fleet is to be modernized with the help of leased Airbus A220.

Prague City Air acts as an investor. The company is related to Smartwings in that the founders are identical. However, the plan is hanging by a thread, because not all CSA creditors are happy that the quota should be quite low. Suppliers such as Lufthansa Technik are to receive around 50 percent, but others only 4,6 percent. Accordingly, the majority of the creditors' approval is currently not secured. 

It is currently being considered that Prague City Air, which is owned by Smartwings founders and owners Jiří Šimáně and the Vik family, should take over the ailing carrier. That would lead to a separation from the Smartwings group. At the same time, 125 million Czech crowns would be made available in the short term. Currently, Smartwings is CSA's largest single shareholder with 98 percent.

It is also planned that only the Airbus A319 with the registration OK-REQ should be reactivated. The background is that this is owned by CSA and could be used as collateral for loans. All other machines are leased and, if not already done, are to be returned to the lessors. Other machines are to be organized as a replacement.

At the same time, four brand-new Airbus A220-300s are to be flown into the fleet by next year at the latest. It is the order that was canceled for financial reasons and Airbus was not entirely happy with it. The aircraft are now to be obtained from a lessor. This also points to a resolution of the disagreements with Airbus. If the plan is accepted by the creditors, CSA would lease the Canadian medium-haul jets on a long-term basis.