Mediafax (Mediafax)
Czech markets  |  December 05, 2012 13:37:12

In privatization of CSA wish to engage Korean and Qatari airline


PRAGUE (MEDIAFAX) - Airlines Quatar Airways and Korean Air have expressed interest in becoming a strategic partner of the Czech Airlines (CSA) said on Wednesday, Finance Minister Miroslav Kalousek (TOP 09). Advised the Czech Republic with 50 transportation carriers, which account for more than 70 percent of the world market.

"The Czech Republic is honored interest of investors," said government Kalousek opinion, agreed with him and Prime Minister Petr Necas (ODS), that could be a synergistic effect of carriers in the Asia-CSA. Now conduct negotiations by the end of the company should learn all about the CSA as a management presentation.

"By the end of January, we expect something like a non-binding offer, or a business plan," said Minister of Finance, to the end of February would then have to send a carrier CSA Czech parent company Aeroholding binding offer with the price.Holding and Treasury will evaluate their offer, the government could then decide on privatization in April or May. The entire purchase of the CSA will still have to approve the European Commission.

Czech Aeroholding by Kalousek also vowed to end the activities of charter carrier Holidays Czech Airlines to charter company Travel Service subsequently withdrew all claims to the CSA. Otherwise, foreign investors would like financial guarantee from the Czech government for reimbursement losing any judicial proceedings (four are before Czech and two judges of the European Commission), in terms of which 2.7 billion crowns.

Investors from countries outside the European Union can only buy less than half the shares Airlines, the government wants to remain national carrier CSA.

The privatization of government was considered in 2009, but eventually decided that CSA consortium of companies Unimex and Travel Service sells. They did not offer it, and the process by which the final amount to be paid in installments.

Jan Drahorád, drahorad@mediafax.cz

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