Airport Prague

Joint stock company Prague Airport (Letiště Praha, a. s.) was founded in February 2008 as part of the privatization transformation of the state enterprise Správa Letiště Praha, s.p.. In line with the Czech Republic’s Government Memorandum Nr. 888 passed on July 9th, 2008, almost all assets of the state enterprise Správa Letiště Praha, s.p. were transferred into the joint stock company Prague Airport as its basic capital on December 1st, 2008. On the given date, Prague Airport assumed all rights and duties of the state enterprise, as well as its employees, business approvals, certificates and licenses, including all procedures and resources necessary for the Airport’s operation. The sole shareholder of the joint stock company became the Czech Republic represented by the Ministry of Finance. The joint stock company’s governing body is formed by a five-member Board of Directors and a Supervisory Board. Since December 1st, 2008, the remaining state enterprise Správa Letiště Praha, s.p. has administered only assets excluded from the privatization transformation, i.e. the company’s legal bearings towards land affected by restitutions or by duplicate entries. There are about 2,300 employees at Prague Airport; the company profit amounted to more than one billion CZK in 2007. In the year 2007, Prague Airport handled a record 12.4 million passengers. Forty-three airlines connecting Prague with 106 worldwide destinations on direct flights offer their services to Prague Airport’s passengers. Prague Airport is also operated by six cargo carriers.