14. 10. 2004 - Airbus SAS’ bid won the Czech Airlines’ tender for new generation medium-haul aircraft
Prague, 14 October 2004
Today, the CSA selection board, Board of Directors and Supervisory Board selected the Airbus SAS’ offer as the most favourable offer received in response to the Czech Airlines’ tender for 12 new generation medium-haul aircraft. In the coming years, Czech Airlines will thus add the most modern Airbus A320 and Airbus A319 medium-haul aircraft to its fleet. The airplanes will be powered by engines manufactured by CFM International S.A.* consortium, the offer of which has also been selected as the most favourable.
In accordance with the Strategy for the period of 2004-2014, approved by the Shareholders’ meeting, Czech Airlines launched the tender for 12 medium-haul aircraft on 30 April 2004 and requested proposals from aircraft manufactures - Airbus and Boeing, as well as engine manufacturers - International Aero Engines and CFM International S.A.
Within almost seven months, the suitability of aircraft to meet the CSA marketing and commercial requirements, flight and operations performance and characteristic, purchase price and CSA customer support have been assessed.
The final offers submitted by aircraft and engine manufacturers were analysed using an assessment model prepared by CSA and its financial adviser - McKinsey&Company. The key criterion for the final decision was the economic and commercial advantage of submitted offers for CSA.
CSA Board of Directors, upon the recommendation from the Selection Board, Weil, Gotshal Manges legal adviser and the financial adviser, decided to acquire 12 medium-haul aircraft from Airbus S.A.S with CFM International S.A. engines over the period of 2006 – 2008. The Supervisory Board approved the decision of the Board of Directors.
Czech Airlines will add new-generation aircraft to its fleet as early as in 2005. In its Strategy for the period of 2004-2014, approved by the Shareholders’ meeting, CSA plans to introduce 3 Airbus A320’ to regular operation in April 2005 and 2 charter Airbus A321’ in June 2005. They will be acquired through operative leasing and thus help bridge the period before the first of the 12 new aircraft are delivered.
Media will receive more information regarding the CSA tender results at a press briefing at the Marriott hotel, on Friday, 15 October, 10 a.m.
* CFM International is SNECMA and General Electric consortium