Korean Air offers good deal on Czech Airlines

Korean state airlines Korean Air are currently the only interested party in the purchase of the loss-making state-owned Czech Airlines. Finance Minister Miroslav Kalousek said on Wednesday that Korean Air has offered 2.64 milion Euros, or around 67.5 million crowns, for a 44-percent stake in the company. The offer was "appropriate" in terms of price, and the size of the share and had a significant strategic value, said Mr Kalousek. The cabinet, which made an unsuccessful attempt to sell the airlines in 2009, will make the final decision on the sale in the second half of April.

Author: Masha Volynsky