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    Korean Air takes minority stake in Czech Airlines

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    euronews (in English)

    by euronews (in English)

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    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/