European Commission Plans to Approve CSA Overhaul, CTK Reports

The European Commission plans to approve an overhaul of unprofitable Czech state airline Ceske Aerolinie AS, including a 2.5 billion-koruna loan ($131 million) from state company Osinek, CTK reported, citing unnamed people familiar with the matter.

The government merged the carrier with Letiste Praha AS, Prague’s international airport, in a bid to overhaul the airline after an attempt to sell it failed in 2009.

To contact the reporter on this story: Lenka Ponikelska in Prague at

To contact the editor responsible for this story: James M. Gomez at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.