Czech Connect Airlines a.s reports that the company’s Board of Directors placed an insolvency application with Ostrava regional court on January 18, 2012.

The air carrier used to operate flights from Yekaterinburg to Karlsbad.

‘Czech Connect Airlines a.s. founders and management are now doing their best to find a way of keeping the company and minimize the damage to customers, employees, and business partners,’ the airline reports.

Due to the above-mentioned factors, the company halted its business activity for the period between January 21, 2012 and March 24, 2012 (the end of wintertime navigation).

Czech Connect Airlines a.s. promises to hold talks with tourist companies and passengers in order to offer them alternative ways of getting on the flights they have paid for.