Loading
5-Mar-2013 9:52 AM

Korean Air sole bidder for a 44% stake in Czech Airlines: report

Korean Air is reportedly the sole bidder for a 44% stake in Czech Airlines, according to a report by idnes.cz. The Czech Government launched the new privatisation attempt in Dec-2012. The Finance Minister will reportedly provide an update on the situation on 06-Mar-2013. As previously reported, Korean Air president and COO Chi Chang-hoon, commenting on the carrier's interest in Czech Airlines, told The Korea Times: “The Eastern European market is growing rapidly. We would like to establish a stronger presence in the region. As part of this effort, we will spend several million dollars to become the second-largest stakeholder in Czech Airlines. However, we will not be involved in the management”.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More