Czech Airlines May be Taken Over by Korean Air

Business › n.a. ♦ 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: © Vindobona.org

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…

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