AIRLINK 75.01 Increased By ▲ 0.16 (0.21%)
BOP 5.02 Increased By ▲ 0.04 (0.8%)
CNERGY 4.48 Decreased By ▼ -0.01 (-0.22%)
DFML 41.95 Increased By ▲ 1.95 (4.88%)
DGKC 86.75 Increased By ▲ 0.40 (0.46%)
FCCL 21.47 Increased By ▲ 0.11 (0.51%)
FFBL 33.85 No Change ▼ 0.00 (0%)
FFL 9.75 Increased By ▲ 0.03 (0.31%)
GGL 10.52 Increased By ▲ 0.07 (0.67%)
HBL 114.50 Increased By ▲ 1.76 (1.56%)
HUBC 139.76 Increased By ▲ 2.32 (1.69%)
HUMNL 11.80 Increased By ▲ 0.38 (3.33%)
KEL 5.20 Decreased By ▼ -0.08 (-1.52%)
KOSM 4.65 Increased By ▲ 0.02 (0.43%)
MLCF 37.92 Increased By ▲ 0.12 (0.32%)
OGDC 139.39 Decreased By ▼ -0.11 (-0.08%)
PAEL 26.04 Increased By ▲ 0.43 (1.68%)
PIAA 22.20 Increased By ▲ 1.52 (7.35%)
PIBTL 6.85 Increased By ▲ 0.05 (0.74%)
PPL 123.77 Increased By ▲ 1.57 (1.28%)
PRL 26.97 Increased By ▲ 0.39 (1.47%)
PTC 14.01 Decreased By ▼ -0.04 (-0.28%)
SEARL 59.50 Increased By ▲ 0.52 (0.88%)
SNGP 68.81 Decreased By ▼ -0.14 (-0.2%)
SSGC 10.42 Increased By ▲ 0.12 (1.17%)
TELE 8.42 Increased By ▲ 0.04 (0.48%)
TPLP 11.25 Increased By ▲ 0.19 (1.72%)
TRG 64.08 Decreased By ▼ -0.11 (-0.17%)
UNITY 26.52 Decreased By ▼ -0.03 (-0.11%)
WTL 1.47 Increased By ▲ 0.02 (1.38%)
BR100 7,941 Increased By 104 (1.33%)
BR30 25,685 Increased By 233.2 (0.92%)
KSE100 76,000 Increased By 885.5 (1.18%)
KSE30 24,435 Increased By 320.6 (1.33%)

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.