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Czech Airlines May be Taken Over by Korean Air
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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