||TRAVEL SERVICE AIRLINES
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FORMED AND STARTED OPERATIONS 1997. WAS FORMED AS A COMMERCIAL DIVISION OF THE CZECH GOVERNMENT FLYING SERVICE, OPERATES ON BEHALF OF CZECH TOUR OPERATORS. TRAVEL SERVICE AIRLINES (TVS) IS REGISTERED AS ITS CZECH NAME "TRAVEL SERVIS." INTERNATIONAL, CHARTER, PASSENGER, JET AIRPLANE SERVICES.
Prague - Ruzyne Airport
K Letisti 1068/30
Prague, CZ-160-08, Czech Republic
JULY 1998: OWNED BY PRAGUE INTERNATIONAL AIRPORT, & CEDOK (34%), AND CANARIA TRAVEL (66%).
ENGINEERING & MAINTENANCE CONTRACT, WITH CZECH AIRLINES (CSA), FOR 4 MONTHS.
1 737-400 (PW042), GECAS (GEH) 8 YEAR LEASED.
FEBRUARY 1999: AFTER ATTEMPTS TO START SCHEDULED SERVICE TO TEL AVIV, CZECH AIRLINES (CSA) TERMINATED MAINTENANCE CONTRACT.
1 ORDER (MARCH 1999) 737-4YO (23870, OK-TVR), "D" MAINTENANCE CHECK AT BRITISH MIDLAND (BMA).
MARCH 1999: MAINTENANCE CONTRACT TO LUFTHANSA TECHNIK (LTK) (DLH). (DLH) WILL SEND A MAINTENANCE MANAGER TO PRAGUE TO SET UP THEIR MAINTENANCE PROGRAM, AND ESTABLISH A SPARES STORE.
737-4Y0 (23870, OK-TVR) DELIVERY, BABCOCK (BBB) LEASED.
MAY 1999: 3RD ORDER (May 2000) 737-800.
MAY 2000: 1 737-86N, GECAS (GEH) LEASED (28618, OK-TVQ) 186Y PAX. HAS WORD "CEDOK" ABOVE WINDOWS ON REAR FUSELAGE, & "CANARIA" ON ENGINE COWL. "TRAVEL" IS IN LARGE SHADOWED BLUE LETTERS WITH "SERVICE" IN RED SCRIPT BELOW ON WHITE FUSELAGE, WITH DARK BLUE TAIL WITH "TS" LOGO.
JUNE 2000: 1 737-4Q8, EX-AIR BELGIUM (ABL), (ILF) 5 MONTH LEASED.
SEPTEMBER 2000: 1 737-400 WET-LEASED TO SIMON AIR, MONROVIA, FOR WEEKLY SERVICE TO FRANKFURT, WITH A FUEL STOP IN AGADIR.
NOVEMBER 2000: CHARTER SERVICE TO PHUKET, THAILAND (737-800) (1/WEEK IN January 2001).
1 737-4YO (OK-TVR) WET-LEASED TO JORDAN AVIATION (JOR), AMMAN.
DECEMBER 2000: 1 ORDER (JUNE 2001) 737-86N, GECAS (GEH) LEASED.
MARCH 2001: PLANS TO OPERATE OUT OF BUDAPEST, HUNGARY.
737-4YO (24911) CHANGES REGISTRATION FROM (OK-TVS) TO (HA-LKA). 2ND AIRPLANE TO OPERATE OUT OF BUDAPEST, IN APRIL 2001.
APRIL 2001: PLANS TO LOCATE ALL 737-400 AIRPLANES IN TRAVEL SERVICE HUNGARY (TVL).
2ND 737-800, IN JUNE 2001, & 3RD IN DECEMBER 2001.
JUNE 2001: 2ND 737-86N (32243, OK-TVA), (GEF) 10 YEAR LEASED. 1 737-3H9 (24140, YU-ANV), (JAT) WET-LEASED. 737-4YO (23870) RETURNED FROM (JOR).
NOVEMBER 2001: 737-800 DELIVERY. 737-400 (OK-TVO) RETURNED TO (GECAS) (GEF).
DECEMBER 2001: 1 737-86Q (30278) BOULLIOUN (BOU) LEASED.
JANUARY 2002: TO DURBAN, SOUTH AFRICA (737-800), VIA BUDAPEST, AND DJIBOUTI (14 HOURS).
MICHEL TOMIS, ASSISTANT MANAGING DIRECTOR, EX-MANAGING DIRECTOR OF FISCHER AIR (FIH)
May 2002: 737-8CX (32362, OK-TVB), (GAX) leased.
September 2002: 737-86Q (30278) returned from Oman Air (OMR).
October 2002: 737-86Q, 10 month wet-leased to Oman Air (OMR).
February 2003: 737-86N (28618, EC-ILX "Vitava"), transferred to new subsidiary, Travel Service Espana (VSG), Las Palmas for charter operations on behalf of tour operator, Visig.
April 2003: 160 employees.
737-86N (28595, OK-TVD), ex-Royal Air Maroc (RAM), GECAS (GEF) leased.
December 2003: On the advice of consultants (KPMG) and Baker & McKinsey, Czech Airlines (CSA) is contemplating the launch of a low-fare subsidiary with separate branding, through the acquisition of the small Czech charter carrier, Travel Service (TSF).
January 2004: 2003 = 1.3 million passengers (PAX).
Has 70% share of the Czech leisure-flight market.
In May 2004, low-cost service Prague to Amsterdam (daily), Beauvais (Paris) (2/day), Copenhagen (daily), Madrid (daily), and Zurich (2/day), using the name SmartWings (SMW), initially using a 737-400 and a 737-500. To consider adding service to London, Stuttgart, and Venice.
Possible acquisition by Czech Airlines (CSA) talks continue.
767-300ER to be acquired for long-haul charter work.
March 2004: 737-86Q (30294, OK-TVE), Boullioun (BOU) leased.
April 2004: 2 737-530's (24815, OK-SWY; 24816, OK-SWZ) ex-Lufthansa (DLH) for its SmartWings (SMW) operation.
June 2004: 737-4Y0 wet-leased to Air Adriatic (ADR).
October 2004: Prague - Vienna. In November 2004, SmartWings (SMW), Prague - London Gatwick (6/week). Prague - Dublin, Rome (CIA).
November 2004: 737-4YO (24911, HA-LKA) & 737-86Q (30294, HA-LKB), transferred to Travel Service Hungary (TVL).
December 2004: In May 2005, Smart Wings (SMW), Prague - Heraklion, Crete, Palma de Mallorca, & Thessaloniki (4/week), Prague - Larnaca (3/week).
SmartWings (SMW) will lease 5 737-522's ex-United Airlines (UAL) and return 2 737-500's to Lufthansa (DLH) in 2005.
1 737-400 to be wet-leased to FlyGlobeSpan (FGC), March 2005 - October 2005.
June 2005: 550 employees.
October 2005: 737-4YO (23870) returned from FlyGlobeSpan (FGC). 737-8CN (28595, OK-TVD) & 737-86Q (30278, OK-TVC), wet-leased to Malaysia Airlines (MAS).
August 2013: Boeing (TBC) announced the completion of a $301.5 million order from Czech Republic-based charter carrier, Travel Service (TVS) for 3 737 MAX 8s.
Roman Vik, General Director for Travel Service (TVS), said (TVS) is looking to grow its fleet of passenger airplanes based on newer 737 variants.
In June, Boeing (TBC) announced the completion of the firm configuration for its 737 MAX 8, which will feature (CFM) International's (LEAP-1B) engines with a range of 3,500 nautical miles, an increase of +540 nautical miles over the Next-Generation 737. The 737 MAX 8 is scheduled to enter into service (EIS) beginning in 2017.
(TVS) has canceled its order for a single 787-8.
Dunlop Aircraft Tyres will provide new and retread tires to Czech Republic carrier, Travel Service Airlines (TVS) for 23 737NGs and 4 737NGs operated by (TVS)’s low-cost carrier (LCC) subsidiary, SmartWings (SMW).
October 2013: (GE) Capital Aviation Services Limited (GECAS) (GEF), announced an agreement to lease 4 new 737-800 MAX airplanes to Travel Service (TVS). 2 of the new airplanes are scheduled for delivery in early 2018 and 2 in early 2019. The airplanes are the 1st leased from (GEF)’s order of 75 Boeing 737 MAX models already announced.
Roman Vik General Director of (TVS) added: “Just like we were the 1st airline in Central and Eastern Europe to introduce the 737 Next Generation, we are proud to be the 1st to add the 737 MAX into our operation with the support of our valuable and long-lasting business partner (GEF). This new generation of an extremely successful medium-range airplane fits perfectly into our operational pattern and we believe it will contribute substantially to the further growth of our company.”
Travel Service Airlines (TVS), an airline company headquartered in Prague, Czech, Republic, is a longstanding (GECAS) (GEF) customer and leader in the charter flight market in the Czech Republic, Slovakia, and Hungary and also has a significant share in Poland. In addition to charter flights, (TVS) operates scheduled flights under the SmartWings (SMW) brand (www.smartwings.net) and air taxi flights in the business jet category. During the course of a year, (TVS)’s fleet of some 30 airplanes land at >250 airports on 4 continents.
November 2013: Travel Service Airlines (TVS) offers charter flights mainly to the Mediterranean, also long-haul charter flights, ad hoc flights and scheduled services to exotic destinations.
(IATA) Code: QS - 797. (ICAO) Code: TVS - (Callsign - SKYTRAVEL).
December 2013: Czech leisure carrier, Travel Service (TVS) will acquire 34% of (CSA) Czech Airlines from Korean Air (KAL), prompting the departure of Czech Airlines Chairman & President Philippe Moreels.
Korean Air (KAL) acquired 44% of (CSA) Czech Airlines from Czech Aeroholding in April 2013 and is now planning to buy a further 34%. It will then sell the shares to Travel Service (TVS) to reinforce its European operations. “Working together with Travel Service (TVS), the company wishes to make Vaclav Havel Airport Prague its European hub. The entry of Travel Service (TVS) into (CSA) will provide Korean Air (KAL) with connections to approximately 40 new destinations in Europe to which their passengers will be able to fly after their transfer at Vaclav Havel Airport Prague,” Czech Aeroholding said.
Following the deal, which remains subject to competition clearances, Korean Air (KAL) will continue to hold a 44% stake, followed by Travel Service (TVS) (34%), Czech Aeroholding (19.74%) and Ceska Pojistovna (2.26%). “In this new phase, (CSA) is going to need some new blood and a change in its management style. Therefore, it is logical that all the shareholders will agree on a new company President after the transaction has been completed,” Moreels said, announcing his plan to resign after the deal is cleared.
(CSA) Czech Airlines has been through an intensive 4-year restructuring, including 2 years under Moreels’ leadership.
May 2014: Travel Service Airlines (TVS) has leased an A320-200 (293, SX-BHV) from Greek operator, Hermes Airlines ((IATA) Code: H3, based at Athens International), for the duration of its summer high season. The A320 was ferried from Ljubljana to Prague on May 16.
Specializing in passenger charter operations, Travel Service (TVS) operates 2 737-700s and 16 737-800s. It regularly wet-leases equipment from other carriers for the busy summer charter season in the Czech Republic and for its subsidiaries: Travel Service Hungary ((IATA) Code: 7O, based at Budapest) (TVL); Travel Service Polska ((IATA) Code: 3Z, based at Warsaw Chopin) (TVP); and Travel Service Slovakia ((IATA) Code: 6D, based at Bratislava) (TSF).
December 2014: The European Commission (EC) has approved plans for Czech carrier Travel Service (TVS) to take a 34% shareholding in national carrier (CSA) Czech Airlines.
(CSA) said it welcomed the decision, as it would help stabilize the loss-making company and “enhance its further development.” The largest shareholder in (CSA) is Korean Air Lines (KAL), which has a 44% shareholding. (KAL) announced late last year, that it wanted to exercise options to buy more (CSA) shares, but European Union (EU) regulations do not allow (EU) airlines to be controlled by non-(EU) entities.
To comply with this requirement, (KAL) acquired the shares from Czech government body, Czech Aeroholding and transferred them to Travel Service (TVS). It is this transaction that has been approved by the (EC) and by 4 Czech organizations that monitor potentially monopolistic deals.
When the transaction’s formalities are completed within the next few weeks, the shareholding structure of (CSA) will be: Korean Air (KAL) 44%, Travel Service (TVS) 34%, Czech Aeroholding 19.74% and a Czech insurance company 2.26%.
(CSA)( said the link-up with (KAL) has already allowed it to make improvements to its business, including the re-introduction of long-haul flights using an Airbus A330-300 leased from (KAL). This has been stepped up from an initial 2x-weekly to 3x-weekly frequency, with 4x-weekly services due to be introduced from the start of the summer 2015 season.
The Prague - Seoul sector, together with a code sharing arrangement between the two airlines, allows (CSA) to offer onward services to >40 Asia-Pacific destinations that it would not be able to serve itself.
March 2015: Air Lease Corporation (ALE) placed 2 Boeing 737 MAX-8s with Travel Service (TVS) for delivery in 2018 - 2019.
September 2015: The (CEFC) China Energy Company has acquired a 10% stake in Czech Republic’s largest airline, Travel Service (TVS), as Chinese companies continue their rapid investment drive into Europe. The (CEFC) has said it intends to increase its stake in (TVS) to 49.92% over the next few months.
“The authorized capital of (TVS) will be significantly strengthened as well,” the airline said. “Current shareholders of (TVS) will remain majority owners of the company. The (CEFC) is a strong financial and strategic partner for us that will allow further intensive development of our firm with the potential of making (TVS) into a very strong air carrier in Central and East Europe.”
(TVS) operates scheduled services under the SmartWings (SMW) brand, as well as charter and (ACMI) flights under its own name, with subsidiaries in Slovakia, Hungary and Poland. It operates 32 Boeing 737-800s, 2 737-700s, 1 737-900ER and 6 Airbus A320-200s. It also operates business jet flights with 3 Cessna Citation 680 Sovereigns. In 2014, (TVS) carried 5.45 million passengers.
It is a major shareholder in the national carrier, (CSA) Czech Airlines.
(CEFC)’s investment is the latest in a series of recent Chinese deals, which have seen Chinese companies taking stakes in France’s Toulouse-Blagnac and Spain’s Ciudad Real airports.
January 2016: News Item A-1: "Travel Service Leases +16 more Boeing 737 MAX 8s" by Victoria Moores, January 29, 2016.
Czech leisure carrier, Travel Service (TVS) is aiming to operate 40 Boeing 737 MAX 8s by 2025 and has just leased a further 16 airplanes, increasing its total commitment to 25 of the type.
A Travel Service (TVS) spokeswoman said (TVS) signed 2 lease contracts in January 2016, covering 16 737 MAX 8s in total.
She said 10 of these will be sourced from AerCap (DEA) and a further 6 will come from (GECAS) (GEF), increasing its fleet to 25 of the type.
The airplanes, which will be used for growth and replacements, will join Travel Service (TVS)’ fleet over the period 2018 - 2021.
AerCap (dea) confirmed the 10-aircraft lease deal on January 13, adding that this is the 1st placement from its June 2015 order for 100 737 MAXs.
Travel Service (TVS) is the Central and Eastern European launch operator for the 737 MAX 8 and the company is aiming to operate 40 737 MAX 8s by 2025, the spokeswoman said.
With this latest agreement, Travel Service (TVS) has committed to 25 of those 40 airplanes. It ordered three airplanes direct from Boeing (TBC) in 2013 and has 10 due on lease from AerCap (DEA) (under this latest agreement), 2 from Air Lease (ALE), and a further 10 from (GECAS) (GEF) (4 in 2013 and 6 that have just been secured).
Travel Service (TVS) General Director Roman Vik said the 737 MAX 8 will support (TVS)’s expansion. They type will cut (TVS)’ fuel and operating costs, strengthen its competitive advantage and deliver improved levels passenger comfort.
(TVS) carried >5.7 million passengers in 2015, spanning both its charter services and its SmartWings-branded scheduled flights. The company detailed plans to acquire a 34% stake in (CSA) Czech Airlines in late 2014 and completed the deal in 2015. It also has subsidiaries in Slovakia, Poland, and Hungary.
May 2016: An unmanned aerial vehicle (UAV) "drone," flying close to Prague’s Václav Havel International Airport, forced air traffic controllers to issue an “immediate stop” message to an airliner on its takeoff roll.
The incident, involving a Boeing 737-800 of Czech carrier, Travel Service (TVS), occurred May 6. The aircraft was operating on behalf of SmartWings (SMW), Travel Service’s scheduled airline arm, on a flight to Dubai.
According to incident-recording website aeroinside.com, the flight had been cleared for takeoff from Prague’s runway 12 and was accelerating down the runway, when the tower instructed the airplane to abort its takeoff.
The crew (FC) slowed the airplane to taxiing speed about 840 m/2700 ft down the runway.
An incoming service, a Bulgaria Air (LZB) Embraer E190, is also understood to have been told by the tower to go around, when it was on final approach at 650 m/2000 ft.
Confirming the incident, a Travel Service spokeswoman said controllers had ordered the crew to abort their takeoff after a (UAV) was spotted beyond the end of the runway, in the path of the departing 737. The incident is under investigation by authorities, she said.
Similar incidents are becoming increasingly common around European airports, with fears that the engine ingestion of a (UAV) at a critical moment on approach could result in a serious incident.
January 2017: Czech leisure carrier Travel Service (TVS) has finalized an order for +5 additional Boeing 737 MAX 8s, valued at $550 at list prices.
(TVS), which is the Central and Eastern European launch operator for the 737 MAX 8, is scheduled to receive 30 direct-purchased and leased 737 MAX aircraft starting in 2018.
(TVS) placed an order for 3 of the type at the Paris Air Show in 2013 and operates a mixed fleet that includes 32 737s.
In January 2016, (TVS) leased a further 16 737 MAX 8s. A company spokeswoman said it aimed to operate 40 737 MAX 8s by 2025.
The (CFM) International (LEAP-1B) is the sole-source engine for the 737 MAX, which is scheduled to enter service in mid-2017 with launch customer Southwest Airlines (SWA).
Travel Service (TVS) operates scheduled flights under the SmartWings (SMW) brand.
April 2017: 737-8BK (33022, TC-TJP), ex-(EI-EOJ), sub-leased from Corendon Airlines.
June 2017: 2 737-8Q8 (30703, C-FDBD; 30719, C-GTVG), ex-(9M-FFA and OK-TVG), SunWing (SWG) leased and 737-82R (40875, OK-TSR), ex-(TC-AAZ), Air Lease Corporation (ALE) leased.
September 2017: Haiti-based Sunrise Airways (SNR) is acquiring a 168-seat Boeing 737-800, through a wet-lease agreement with Czech-based Travel Service (TVS).
The new airplane will be used on new routes to Orlando and Miami from its Port-au-Prince hub. The new Orlando service begins October 18; Miami service will launch November 14.
December 2017: "Czech Travel Service Signs Deal for Additional 9 Boeing 737 MAXs" by Jan Lopatka, "Reuters" December 7, 2017.
Travel Service Airlines (TVS) said on December 7th it had signed an order for 9 additional Boeing 737 MAX planes for its fleet in November, increasing its total order book for the model to 39 planes.
It said 8 new Boeing 737 MAX planes would be supplied in 2018 and 15 in 2019 as part of fleet renewal planned until 2023.
(TVS) is in the process of acquiring majority ownership in national airline Czech Airlines (CSA) and operates charter flights for low-cost carrier (LCC) Smartwings (SMW).
It said eight of the total order of 39 planes would be bought and the rest leased. The planes will have 189 seats and on-board WiFi entertainment systems, it said.
China's CEFC directly holds 49.9 percent stake in Travel Service and further shares indirectly. Founder Jiri Simane and business partners control the rest.
February 2018: Travel Service (TVS) took delivery of its 1st Boeing 737 MAX on lease from (GECAS) (GEF).
Click below for photos:
TVS-737 MAX 8 - 2016-01.jpg
TVS-737 MAX 8 - 2017-01.jpg
0 737-522 (CFM56-3C1) (2440-26696, /93 OK-SWV; 2498-26703, /93 OK-SWU), EX-(UAL), (TSF) WET-LSD. 1 RTND. 111Y.
0 737-530 (CFM56-3C1) (1933-24815, /90 OK-SWY; 1958-24816, /90 OK-SWZ), 2004-04, 24815; RTND (DLH) 2005-04. 111Y.
1 737-76N (CFM56-7B) (29885, OK-SWX), (GEF) LSD 2012-03, EX-(G-STRF).
1 737-8AS (CFM56-7B) (29922, EI-FGL), MIAT (MNG) LSD 2015-05. 189Y.
1 737-8BK (CFM56-7B) (33022, TC-TJP) EX-(EI-EOJ) 2017-04, CORENDON AIRLINES LEASED. 189Y.
1 737-8CX (CFM56-7B26) (1084-32360, /02 OK-TVO), EX-(PR-GOK) 2012-12. LST SMARTWINGS (SMW). RF (SWG) 2015-05. WITH WINGLETS. 189Y.
1 737-8CX (CFM56-7B26) (1125-32363, /02 OK-TVB), 2010-04. WITH WINGLETS. 189Y.
1 737-8FH (CFM56-7B26) (1692-29669, /05 OK-TVF), LST (SWG) 2011-10 AS (C-GTVF). WITH WINGLETS. 189Y.
1 737-8FN (CFM56-7B26) (3147-37076, /10 OK-TVL), LST (SWG) 2010-01. WITH WINGLETS. 189Y.
1 737-8FN (CFM56-7B26) (3163-37076, /10 OK-TVM), 2012-11. WITH WINGLETS. 189Y.
1 737-8HX (CFM56-7B) (29647, C-FTOH), (SWG) WET-LSD 2015-05. 189Y.
1 737-8K5 (CFM56-7B27) (1117-32907, /12 OK-TVP), EX-(D-AHLR) 2012-04. LST SMARTWINGS (SMW). WITH WINGLETS. 189Y.
1 737-8Q8 (CFM56-7B26) (1471-29351, /04 OK-TVJ), LST (SWG) 2008-11 AS (C-FTAH). WITH WINGLETS. 189Y.
2 737-8Q8 (CFM56-7B26) (30703, C-FDBD; 2257-30719, /07 OK-TVG), LST (SWG) 2010-11 AS (C-GVVH). RF (SWG) 2015-05 & 2017-06. WITH WINGLETS. 189Y.
1 737-8Q8 (CFM56-7B26) (2604-35275, /08 OK-TVH), LST (SWG) 2011-10 AS (C-FTAH). WITH WINGLETS. 189Y.
1 737-8S3 (CFM56-7B26) (792-29250, /01 OK-TSA), EX-(TC-APH) 2013-04. WITH WINGLETS. 189Y.
1 737-808 (CFM56-7B26) (34704, C-FTDW), EX-(N1786B), SUNWINGS AIRLINES (SWG) LSD 2015-05. 189Y.
1 737-82R (40875, OK-TSR), EX-(TC-AAZ), AIR LEASE CORPORATION (ALE) LSD 2017-06. 189Y.
1 737-86N (CFM56-7B26) (285-28595, /99 OK-TVD), EX-(CN-RNO) 2008-10. 189Y.
1 737-86N (CFM56-7B27) (1444-32740, /04 OK-TVK), LST (SWG) 2011-11 AS (C-FGVK). RF (SWG) 2015-05. 189Y.
1 737-86N (CFM56-7B26) (3633-39404, /12 OK-TVS), LST (SWG) 2012-11. WITH WINGLETS. 189Y.
1 737-86N (CFM56-7B26) (3899-39394, /12 OK-TVT), LST (SWG) 2012-02. WITH WINGLETS. 189Y.
1 737-86N (CFM56-7B26) (3968-38025, /13 OK-TVU), LST (OMR) 2012-12. WITH WINGLETS. 189Y.
1 737-86N (CFM56-7B26) (4030-38027, /12 OK-TVV), LST (OMR) 2013-01. WITH WINGLETS. 189Y.
1 737-86Q (CFM56-7B26) (30294, /04 OK-TVE), EX-(C-GRKB) 2015-05. RF (SWG). WITH WINGLETS. 189Y.
1 737-86Q (CFM56-7B26) (1600-30295, /04 OK-TVW), EX-(HB-IIR) 2012-06. LST SMARTWINGS (SWG). WITH WINGLETS. 189Y.
2/2 ORDERS 737-900ER (CFM56-7B).
1 +38 ORDERS 737 MAX 8 (LEAP-1B), (2018-02) INCLUDING 16 (GEF) LEASED, SCHEDULED OPERATIONS BY SMARTWINGS (SMW).
0 A320-200 (293, SX-BHV), HERMES AIRLINES WET-LSD FOR SUMMER UNTIL 2014-09.
3 CESSNA 680 CITATION SOVEREIGN (PW306C) (0139, /07 OK-UNI; 0279, /09 OK-EMA; 0324, /12 OK-UGJ), EXEC.
ROMAN VIK, CHIEF EXECUTIVE OFFICER (CEO) & DIRECTOR GENERAL.