Government approves sale of Czech Airlines

The government on Monday approved the terms of the sale of the Czech national airline ČSA. Its price is estimated at around 5 billion crowns (approximately 240 million US dollars). The new owner should be known by the end of September. The terms of the sale specify that the investor will have to use Prague Airport as a home airport. Russia’s Aeroflot and Czech Travel Service have openly expressed interest in buying Czech Airlines.

Author: Ruth Fraňková