Lufthansa not to bid in Czech airline CSA privatisation - vice president

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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'.

'We want to play an active role in European air traffic consolidation but we don't want to buy every airline that is for sale,' he was quoted as saying.

In an interview last week, deputy finance minister Ivan Fuksa included Lufthansa as one of the expected bidders in the Czech air carrier which is likely to be sold by the end of this year or the beginning of the next year.

CSA's value was reported to be as much as 5 billion crowns.

forbes.com

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