Finance Ministry signs consulting contract on Czech Airlines tender

The Finance Ministry has signed a contract with the Deloitte Advisory and CMS Cameron McKenna consortium on consulting in the privatisation of the country’s national carrier, Czech Airlines (ČSA). The state holds a 91.5 percent stake in the carrier and is aiming to find a buyer by the second half of next year. ČSA has been estimated as worth 5 billion crowns (close to 260 million US dollars). The successful bidder in the tender will be chosen over two rounds.