Article Tools

Czech Airlines May be Taken Over by Korean Air

Published: March 5, 2013; 11:33 · (Vindobona)

The Korean airline company aims to take over the publicly held stake in Czech Airlines.

Czech Airlines May be Taken Over by Korean Air / Picture: © Flickr

At the end of Februar, Korean Air has submitted a binding offer to the Czech government. Due to the severe crisis in the airline industry, Czech Airlines (CSA) is making losses for years. Last year, the airline has recorded a net loss of € 10m. In the last months, CSA had to cut a number of destinations in the CESEE region.

At the moment, the Czech Republic holds 44% of Czech…

This article includes a total of 245 words.

or Log In

Fast News Search
Related News
Poland: LOT Airline Downsizing Personnel (March 2, 2013)
LOT to be Privatized in 2013 (February 19, 2013)
CESEE: Airline Industry in Severe Crisis (December 21, 2012)
Austrian Airlines: Up to 100 Jobs to be Cut (December 6, 2012)
New Airline for Hungary? (September 6, 2012)
Read More
CSA Czech Airlines, South Korea, M & A, Airline Industry, Privatizations, CESEE, Lufthansa
Featured
Meet the Ambassador of the Czech Republic to Austria: H.E. Ms. Ivana Cervenková
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter