Final Word from Friday, January 16, 2009



When Aeroflot starting using a flying elephant as its media mascot a decade ago, it made fun of its own safety record by suggesting in advertisements that, "Elephants can fly, and so can Aeroflot." KDU Chair Jiří Čunek wants to ban Aeroflot from the privatization tender for ČSA because of just such safety concerns, but there's an even bigger reason to fear that the CR might be getting a white elephant if it allows Aeroflot to buy ČSA. The Kremlin is in the process of creating a new generation of oligarchs, and Aeroflot co-owner Alexander Lebedev is one of those being pushed aside. A new airline, Rosavia, is being pieced together by the Russian government, and Aeroflot is suffering as a result. The Kremlin's apparent objective is to force Lebedev to use his Aeroflot shares as loan collateral and then to have a preferred oligarch scoop them up. Aeroflot and Rosavia might eventually be merged to create a single national champion, but Aeroflot's position will likely deteriorate considerably before it gets better.[Czech Republic Аэрофлоп KDU-ČSL Russian Airlines Technologies]

Glossary of difficult words

Aeroflop - an old joke suggesting that Aeroflot is a failure (a flop) or that its planes don't fly;

white elephant - something that is useless or troublesome, esp. something that is expensive to maintain and difficult to dispose of;

to piece something together - to assemble something from individual parts;

to scoop something up - to pick up something in a quick, fluid movement;

national champion - a business in a given sector that enjoys state support and should be an object of national pride;

deteriorate - to become progressively worse.

Contact

Tel: 420 224 221 580
E-mail: info@fleet.cz

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E.S. Best s.r.o.
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170 00 Prague 7
Czech Republic

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