Who might buy Czech Airlines?

Korean Air and Qatar Airways are interested

Two airlines have shown interest in the planned privatisation of CSA Czech Airlines, according to sources close to the sale preparations. Korean Air and Qatar Airways are reportedly interested in buying the carrier. The sale process is still in the early stages, the Czech Finance Ministry having contacted more than 50 airlines around the world.
Czech Airlines, a SkyTeam alliance member, lost CZK 241 million (€9.56 million) in 2011 and has implemented tough cost cuts. A previous attempt at privatising CSA failed in 2009.
In related news, after a three-year break Czech Airlines has announced that it is again including long-haul flights in its flight schedule. A wide-body Airbus A330 will join the airline’s fleet, enabling CSA to launch a new scheduled service to Seoul in South Korea and to initiate more intensive codeshare cooperation with Korean Air in operating long-haul flights from Prague via Seoul to the rest of East Asia. The announcement coincides with reports of Korean Air’s interest in the CSA sale.
[photo courtesy CSA]


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