AIRLINK 79.41 Increased By ▲ 1.02 (1.3%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.38 Increased By ▲ 0.05 (1.15%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 76.87 Decreased By ▼ -1.64 (-2.09%)
FCCL 20.53 Decreased By ▼ -0.05 (-0.24%)
FFBL 31.40 Decreased By ▼ -0.90 (-2.79%)
FFL 9.85 Decreased By ▼ -0.37 (-3.62%)
GGL 10.25 Decreased By ▼ -0.04 (-0.39%)
HBL 117.93 Decreased By ▼ -0.57 (-0.48%)
HUBC 134.10 Decreased By ▼ -1.00 (-0.74%)
HUMNL 7.00 Increased By ▲ 0.13 (1.89%)
KEL 4.67 Increased By ▲ 0.50 (11.99%)
KOSM 4.74 Increased By ▲ 0.01 (0.21%)
MLCF 37.44 Decreased By ▼ -1.23 (-3.18%)
OGDC 136.70 Increased By ▲ 1.85 (1.37%)
PAEL 23.15 Decreased By ▼ -0.25 (-1.07%)
PIAA 26.55 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.00 Decreased By ▼ -0.02 (-0.28%)
PPL 113.75 Increased By ▲ 0.30 (0.26%)
PRL 27.52 Decreased By ▼ -0.21 (-0.76%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 57.20 Increased By ▲ 0.70 (1.24%)
SNGP 67.50 Increased By ▲ 1.20 (1.81%)
SSGC 11.09 Increased By ▲ 0.15 (1.37%)
TELE 9.23 Increased By ▲ 0.08 (0.87%)
TPLP 11.56 Decreased By ▼ -0.11 (-0.94%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 24.82 Increased By ▲ 0.31 (1.26%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,506 Increased By 12.9 (0.17%)
BR30 24,683 Increased By 124.5 (0.51%)
KSE100 71,971 Decreased By -80.5 (-0.11%)
KSE30 23,749 Decreased By -58.8 (-0.25%)

CSAPRAGUE: The Czech Finance Ministry wants the government to prepare the national carrier Czech Airlines (CSA) for privatisation, news website lidovky.cz reported on Wednesday.

 

"I will ask the cabinet today to request, as the main shareholder, Cesky Aeroholding to prepare the privatisation (of Czech Airlines)," lidovky.cz quoted Finance Minister Miroslav Kalousek as saying.

 

State-owned Cesky Aeroholding also operates Prague Airport.

 

The government had previously tried to privatise the airline in 2009, following heavy losses from a failed expansion plan. But the sole bidder, Czech charter airline Travel Service, refused to buy CSA without securing a capital injection from the government.

 

Czech Airlines, a member of the Sky Team alliance which also includes Delta and Air France, has had to cut back its fleet and services to avoid collapse.

 

The airline lost 241 million crowns ($12.10 million) last year.

 

The European Commission gave approval in September for a 100 million euros in aid to the state-owned airline.

 

Prime Minister Petr Necas said at the end of last year that he would recommend in 2012 that the government looks to sell CSA to a strategic partner.

 

Copyright Reuters, 2012

Comments

Comments are closed.