Korean Air representatives sign contract for stake in Czech Airlines

10-Apr-2013 Today, a contract for the purchase of 460,725 Czech Airlines (CSA) shares - a 44% stake in CSA - by Korean Air was signed at the Government Office. Czech representatives at the signing included Petr Necas, Prime Minister of the CR, Miroslav Kalousek, Minister of Finance of the CR, Miroslav Dvorak, Chairman of the Board and CEO of Czech Aeroholding and Petr Vlasak, first Vice Chairman of the Board of Directors of Czech Aeroholding. The Korean air carrier was represented by Yang Ho Cho, the Chairman and CEO of Korean Air; Chang Hoon Chi, President of Korean Air; and Mr. Won Tae Cho Executive Vice President for Corporate Strategy & Planning Divison. Thus, the search for a Czech Airlines strategic partner has successfully come to a close.