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Czech Republic


Czech government seeks adviser in privatization of national airline CSA

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Apr 02, 2008

Prague, Czech Republic - The Czech government will launch a tender this month for an adviser in the privatization of state-run airline CSA, Prime Minister Mirek Topolanek said Wednesday.

Topolanek said the tender could be launched on April 15.

The government said earlier Wednesday that Deloitte Advisory SRO had advised it to sell its 91.51 percent stake in the airline directly to a strategic investor or a consortium of investors chosen in a public tender.

CSA swung to a net profit last year for the first time since 2004. Its 2007 net profit reached 111 million koruna (€4.4 million; US$6.9 million) and the airline said it expected it to increase to 391 million koruna (€15.5 million; US$24.2 million) this year.

CSA has a fleet of 50 planes flying to 108 destinations in 43 countries. It carried more than 5.6 million passengers last year, up from more than 5.4 million in 2006.

The government also plans to sell Prague's Ruzyne International Airport.

iht.com

Czech government seeks adviser in privatization of national airline CSA
airliners.net



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