Korean Air finalised its 44 percent investment in CSA (Ceske Aerolinie AS), the Czech government owned flag carrier on April 11, 2013 for a nominal price of 2.64 million euros ($US3.4m). The government said: “We only had two options: either find a strategic partner or consider liquidation of CSA”. Korean was the only bidder for the carrier, although Qatar expressed an interest. If the European Commission loosens regulations on foreign ownership of EU carriers then Korean Air will have first option to buy the remaining 56% stake held by the government owned holding company. If this occurs in the next twelve months, then the price…
Eastern Europe
Tag Archives for Eastern Europe.
Thoughts about Aeroflot
I am flying in Eastern Europe in November. I have assiduously avoided Aeroflot all of my life. Should I have a rethink these days? Aeroflot is the Russian carrier founded by the Communists in 1923. It is now a profitable semi privatised carrier and part of the Skyteam alliance. Skytrax ranks them as a three star airline and the passeger reviews have them at 4.7 out of ten, which seems to be average for the Skyteam carriers! The carrier used to have an appalling safety record – so bad it has its own wikipedia page devoted to the…
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