korean air confirms bid for czech airlines
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Korean Air confirms bid for Czech Airlines

Arab Today, arab today

Arab Today, arab today Korean Air confirms bid for Czech Airlines

Seoul - AFP

Korean Air confirmed on Tuesday it had made an official bid of "several million dollars" for a 44 percent stake in troubled Czech Airlines (CSA), in what would be its first investment in another carrier. The South Korean flag carrier said it would not be seeking managerial control of the state-run Czech airline. "We submitted a bid for the stake last week. If successful, this will be our first investment in another airliner," a Korean Air spokesman told AFP.\ The bid reflects Korean Air's efforts to strengthen its network in Europe, he said. Korean Air operates passenger flights to 11 cities in Europe. The Czech government has set a March deadline for bids for the airline, which Ernst & Young auditors estimate to be worth 148 million koruna (5.8 million euros, $7.5 million). Qatar Airways, which had previously expressed interest in the CSA stake, would not take part in the bidding, the Czech broadsheet daily DNES said Monday on its website. Czech Airlines, which boasts a fleet of 26 planes, posted a loss of 241 million koruna in 2011. The offer is the second attempt to privatise the unprofitable carrier after the first fell through in 2009.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

korean air confirms bid for czech airlines korean air confirms bid for czech airlines

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

korean air confirms bid for czech airlines korean air confirms bid for czech airlines

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday