Korean Air buys Czech Airlines stake

Victoria
By Victoria April 11, 2013 10:57

Korean Air buys Czech Airlines stake

Korean Air has finalised a deal to buy a 44% stake in Czech Airlines for €2.64 million. The South Korean carrier now becomes the second-largest shareholder in the state-run airline behind Czech Aeroholding, which hold 51.7%.
Korean Air was the only bidder for the loss-making airline, which posted a 241 million koruna loss in 2011.

Victoria
By Victoria April 11, 2013 10:57
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