Qatar Airways interested in Czech Airlines

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Korean Air and Qatar Airways have expressed interest in the privatisation of Czech Airlines (CSA), two sources familiar with the government's sale process said on Wednesday.

The Finance Ministry is in the early stages of preparing the sale of the state carrier and has reached out to 52 airline companies. Minister Miroslav Kalousek briefed the cabinet on Wednesday.

The government had tried to privatise the airline in 2009, following heavy losses from a failed expansion plan.

Czech Airlines, a member of the Sky Team alliance which also includes Delta and Air France, has had to cut back its fleet and services to avoid collapse.

The airline lost CZK241m (US$12.10m) last year.

The company is owned by state holding group Cesky Aeroholding, which also operates Prague Airport.

In September, the EU Commission gave approval for €100m in state aid granted to Czech Airlines.

The Commission said the company's restructuring plan was sufficient to address its financial problems.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Crowded skies in the Middle East

Crowded skies in the Middle East

Aviation experts give their suggestions on how to solve the Middle...

Cracking the code

Cracking the code

Strategic codeshare agreements are a win-win situation for gulf...

Stronger together? Reviewing Emirates' historic partnership with Qantas

Stronger together? Reviewing Emirates' historic partnership with Qantas

One year after the “historic” Emirates-Qantas partnership deal...

1
Most Discussed
  • 24
    World's most pierced man refused entry to the UAE

    Tolerance has its limits everywhere including Dubai and those who considered Dubai a lawless circus were held accountable...so thank you Dubai authorities... more

    Thursday, 21 August 2014 10:51 PM - Khalil
  • 23
    Baby NOT on board?

    Some of you cry babies need to get your own personal apartments on the plane ! You cry more then the babies I have seen in my travels. LOL more

    Thursday, 28 August 2014 9:10 AM - Jim
  • 21
    Israel “must be punished” over Gaza, says Dubai police chief

    This high moral ground that Mick is talking abt sound very familiar. May I remind Mick that the US & its British ally alone killed over 1 million innocent... more

    Thursday, 7 August 2014 4:12 PM - Mathew