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.
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