The Czech airline Travel Service has said it has acquired a majority stake in the Czech national carrier, Czech Airlines (ČSA).
The firm, the Czech News Agency reported, reached a deal to buy shares from Korean Air and state-owned company Prisko. The sale, however, will still need final approval from the country’s anti-monopoly office.
If the deal goes through it will give Travel Service an almost 98 percent stake and a fleet of more than 80 airplanes.
Dog discovers Bronze Age treasure in Kostelec
PM Andrej Babiš: ‘Why should we be caring for Syrian orphans?’
Czech Republic misses deadline for implementing EU directive on arms control
Putting a face to Queen Judita, Saint Zdislava, and the ‘Vampire of Čelákovice’
Emperor Franz Josef still calling the shots at the Czech workplace