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…
Tag Archives for Skyeurope.
In doing some research about failed Hungarian carrier Malév, I came across this amazing video. On August 20, 2006 a Malév 737 followed by a Sky Europe plane flew at a low altitude over Budapest, Hungary. This ten minute video has some stunning view of this beautiful city. The two planes then flew side by side. I assume it was done for the sixtieth anniversay of the founding of the successor to Malév. Ironically, both airlines are gone now.