Smartwings (Prague Václav Havel) has become a fully Czech-owned company after Chinese state-owned CITIC Group sold its stake to local company Prague City Air, the airline confirmed to ch-aviation.

“On 20th February 2024, the purchase of 49.92% shares in Smartwings a.s. was finalised between the company Prague City Air s.r.o. as the purchaser and the company Rainbow Wisdom Investment Limited as the seller,” Smartwings spokeswoman Vladimíra Dufková said. She added that the carrier “thus returns back under the full control of Czech shareholders who…

Source: ch aviation
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