|Headquarters||Prague, Czech Republic|
Smartwings, a.s. (formerly Travel Service, a.s.) is a low-cost leisure Czech airline, with its head office on the property of Václav Havel Airport Prague in Ruzyn?, 6th district, Prague. It is the biggest airline in the Czech Republic and it operates scheduled and chartered flights, mainly to leisure destinations, and also wet and dry leases its aircraft to other airlines. It also owns 98% of Czech Airlines, and has subsidiaries in Poland, Hungary and Slovakia, but also operates from France, the Canary Islands and Israel.
In 2007, the company carried 2.2 million passengers, and a year later about 2.3 million passengers. In 2014, it carried 4.3 million passengers, about 1.2 of them on regular flights under the brand name Smartwings.
On 18 September 2007, the Icelandair Group acquired 50% stake in the carrier, and purchased further shares to bring its holding up to 80% by April 2008. In December 2008 it reduced its holding to 66% by selling shares to the other shareholders, Unimex. In 2009 their stake was further diluted to 50.1% through a new share issue; they also sold a portion of their stake to fellow owners, reducing their holding to 30% In 2009 Icelandair spun its 30% stake in Travel Service into a new company, which was taken over by Icelandair's creditors. Chinese investment group CEFC China Energy now holds a 49.9% stake in Travel Service.
In 2013, Travel Service has cancelled their order for Boeing 787 Dreamliner and ordered Boeing 737 Max 8.
In October 2017 it was announced that Travel Service planned to transfer its branding from an airline to a holding company, and would move all of its operations under the Smartwings brand. In 2018, it was announced that the Travel Service livery would be replaced by the Smartwings livery. Also in that year, deliveries of the new Boeing 737 MAX began.
Travel Service was renamed to Smartwings, the name of its former low-cost subsidiary, in December 2018.
In March 2019, Smartwings announced plans to create a German subsidiary by late 2019, and to transition its Czech Airlines subsidiary to an all Boeing 737 fleet.But that is likely to have changed as Czech Airlines newly have 3 Airbus A320s on order, as well as A220s and A321XLRs
|Net profit after tax||47||158||60||192||193||(500)||81|
original in Czech of 23 July 2020 at https://uzpln.cz/pdf/20200723132803.pdf