Travel Service to acquire majority in Czech Airlines

According Czech TV (and other sources), the dominant charter airline in the Czech Republic, Travel Service, reached agreement with two of major stakeholders of Czech Airlines (The Czech government and Korean Air) to buy additional 64% of stakes in Czech Airlines. As Travel Service already owns 34% of Czech Airlines, they are becoming dominant stakeholder (Ceska pojistovna holds 2.3% of stakes).

The transaction is subject of approval of The Office for the Protection of Competition of the Czech Republic.


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