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Korean Air has taken a 44 percent stake in Czech Airlines, providing a lifeline for the loss-making state-owned carrier and giving the Korean group a bigger presence in Europe.
After a three-year hiatus, Czech Airlines is again including its own long-haul flights in its flight schedule.
European Union regulators opened an in-depth probe into Czech Airlines on Wednesday, saying they doubted the carrier's revamp would return it to viability and also comply with EU state aid rules.
BRUSSELS - The European Commission Wednesday said it is probing a EUR94 million government loan given to Czech Airlines on suspicion that it may be an illegal state subsidy.
PRAGUE - National carrier Czech Airlines (CSA) chose the head of Prague Airport to be its new chief executive and drive through a turnaround plan for the loss-making airline.
PRAGUE - The lone bidder for loss-making Czech Airlines offered 1 billion crowns ($58.3 million) for the state carrier on Wednesday, but attached strings that may make the deal unacceptable for the go