Government approves transfer of assets to Letiště Praha

The Czech government on Wednesday approved a transfer of assets worth 2, 5 billion crowns from the state-run Správa Letiště Praha operating Prague's Ruzyně airport to the joint-stock company Letiště Praha, Prime Minister Mirek Topolánek told journalists after a cabinet meeting. The transfer is another step in the process of privatizing Prague’s main airport. The government established Letiště Praha as a joint-stock company with a share capital of 2 million crowns for the purpose of privatisation in February this year. Letiště Praha is to take over most of Správa Letiště Praha's assets by the year's end. The sale of Prague's airport is considered one of the biggest investment opportunities in the sector. Dozens of companies have already shown preliminary interest in the privatisation.