In the 2000s, I loved seeing the OK tails of CSA Czech Airlines at airports around the world. I never actually flew them, but I wish I had. On Friday, I wrote about the airlines we lost in 2024. One of the most prominent was Czech Airlines’. As the fifth-oldest airline in the world and the third to fly a jet aeroplane, Czech Airlines (CSA) held a special place in European aviation. With its closure, I feel we’ve lost a part of aviation history. Reflecting on CSA , I was reminded of the famous Czech…
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Korean buys Czech Air
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…
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