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Prague Airport privatisation deferred, or cancelled?

30-Dec-2009

On 01-Dec-2009, the Czech Lower House of Parliament approved a Bill stipulating Prague Airport must be owned either by the State or by a company owned by the State, thereby blocking the Czech Government’s longstanding but wilting plans to sell the airport. The original intention had been to sell the state’s 100% stake by the end of 2009. However, for the law to be finalised, it must be signed by the Czech President, Vaclav Klaus, who is known for his propensity to keep people waiting, as he did the European Union over the Lisbon Treaty. [1938 words]

Unlock the following content in this report:

Subheadings:

  • Anti-privatisation Social Democrats hold the upper hand
  • 2009 revenues ‘down by 5%’ as traffic falls by 10.5% on average
  • 70 potential bidders can’t be wrong
  • City of Prague to renew its interest in a stake?
  • CSA privatisation flops
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