Korean Air takes minority stake in Czech Airlines

Try Our New Player
euronews (in English)
7.4K
39 views
  • About
  • Export
  • Add to
Korean Air has taken a forty four percent stake in Czech Airlines (CSA).

That provides a financial lifeline for the state-owned carrier which was facing bankruptcy.

The Koreans paid a nominal price of 2.64 million euros and will help restructure the loss-making airline, but will not be involved with day-to-day management.

...
http://www.euronews.net/

0 comments