CSA Czech Airlines receives five-year loan

Victoria
By Victoria September 25, 2012 14:10

CSA Czech Airlines receives five-year loan

European regulators have shown that there remains traction in their new crackdown on government aid. After a near three year investigation CSA Czech Airlines has received European Commission approval to receive a CZK2.5 billion ($130 million) loan from Osinek SA (which is state owned), after agreeing to a five-year restructuring plan that includes selling assets and subsidiaries and securing a private bank loan for an aircraft lease.

Victoria
By Victoria September 25, 2012 14:10
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