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PRAGUE - The board of the troubled Czech national carrier CSA has approved a plan to sell five planes and other assets in efforts to generate cash.
PRAGUE - Czech Airlines (CSA) showed a net loss of 1.83 billion crowns ($102.8 million) for the first six months of the year, almost double what was expected by the company, news website idnes.cz repo
PRAGUE - Deutsche Lufthansa AG is not likely to bid in the privatisation of Czech airline CSA, a Lufthansa vice president said, playing down expectations the German carrier will take part in the sale.'Don't expect news that we will be buying CSA,' Karsten Benz told daily Mlada Fronta Dnes in an interview.He said the company feels that its market share in the Czech Republic is 'good'.
PRAGUE - US investment group Odien, which recently bought the oldest Czech travel agency Cedok, said it is interested in the privatisation of Czech state airline CSA, daily Pravo reported.Pravo reported, without citing sources, that China Southern airline is also interested in the privatisation, which is not expected to take place until next year.