IN SHORT

Tatra Air airline given a year to break even

THE NEW management of the Tatra Air carrier that provides regular flights from Sliač in Central Slovakia to Prague has been given an ultimatum by its majority shareholder, the Banská Bystrica regional government - turn the company around, or else.

Under the terms of the ultimatum, the company has to stabilize its losses by the end of June, and secure a break-even result by the end of February 2007, or the owner will force the airline to file for bankruptcy.

The company is discussing the possibility of introducing regular service from Sliač to Vienna.

Tatra Air's cumulative losses stand at Sk13 million (€340,000), while its debt to České Aerolínie (ČSA) comes to CZK4 million (€140,000)

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

After historical sights in Slovakia have burned, is there better fire protection?

Kunerad Castle in the Žilina Region has burned down twice in eight years, and Krásna Hôrka is still undergoing construction seven years after burning.

Krásna Hôrka Castle caught fire in March 2012.

Fico mirrors stability, but Smer is considering a new election leader

Pellegrini could be Smer's number one in the 2020 parliamentary elections. Some Smer MEPs want a new party leader.

Former PM Robert Fico (left) and his successor Peter Pellegrini (right).

Slovak producers can export dairy products to China

The Chinese market could help boost Slovakia's crumbling dairy industry.

Slovak producers will export milk and dairies to China after the agreement was signed during the summit in Croatia.

Ex-police head Gašpar reportedly knew about Italian mafia cell in Slovakia

The information appears in Europol report, Italian TV channel reported.

Tibor Gašpar