Extraordinary general meeting of Ceska Aerolinie paves way for sale of freight terminal

The national airline, Ceska Aerolinie, approved plans to sell its freight terminal at an extraordinary general meeting on Thursday. Central European Handling is expected to buy the terminal, in a deal which is thought to be worth more than 750 million CZK (37 million USD). Ceska Aerolinie is selling the terminal to cut its losses, which were posted at 400 million crowns last year. Analysts predict that with the sale of the terminal, and the airline's catering services, the company could make a slight profit of 42 million crowns in two year's time.

Author: Rosie Johnston