Unimex-Travel Service offers one billion for ČSA

The only remaining contender in the privatisation tender for Czech Airlines, a consortium of Czech firms Unimex and Travel Service, offered on Wednesday one billion crowns, or nearly 58 million US dollars, for 92 percent of shares of the state-owned carrier. The Czech government will take two weeks to assess the offer.

The consortium of Unimex and Travel Service is the only contender left in the tender after the airline Air France-KLM pulled out in August, and Russia’s Aeroflot was excluded over from the final round.