Korean Air sale confirmed

The government has approved the sale of a 44-percent share of the state-owned Czech Airlines to Korean Air for 67.5 million crowns. Finance Minister, Miroslav Kalousek, underlined the strategic significance of the sale, saying that Korean Air is planning to make Prague one of its European hubs, which would bring more business both for the currently loss-making Czech Airlines and for Prague airport. Korean Air and Czech Airlines already operate direct code-share flights between Prague and Seoul four times a week. The cabinet is set to sign the official contract with Korean Air on 9 April.

Author: Masha Volynsky