Korean Air buys 44 percent of Czech Airlines

Korean Air has acquired a 44-percent stake in the troubled Czech national carrier, Czech Airlines. The contract between Korean Air and Czech Aeroholding, ČSA’s mother company was signed in Prague on Wednesday. Under the deal, the Korean carrier will pay 3.4 million US dollars for the minority stake in Czech Airlines, the Korean carrier’s first such investment abroad.

Author: Jan Richter