LAXintl From United States of America, joined May 2000, 22255 posts, RR: 51 Posted (4 years 3 months 2 weeks 3 days 13 hours ago) and read 2668 times:
Like Lufthansa, Air France is looking to gobble up more and more smaller European carriers.
Quote: Air France-KLM eyes CSA, crisis ongoing
NEW YORK — Air France-KLM will launch a tentative bid for Czech Airlines (CSA) within weeks as European carriers regroup in the face of a downturn that so far shows no signs of easing, its chief executive said on Monday.
"We understand the Czech government is interested in finding a buyer for a significant part of (CSA). We don't have a lot of information but we are of course very attentive because CSA is a SkyTeam partner," Air France-KLM CEO Pierre-Henri Gourgeon said.
Asked whether Air France-KLM would submit an official expression of interest for the Czech privatization by a March 23 deadline, he said, "We will express something, yes."
Joost From Netherlands, joined Apr 2005, 3131 posts, RR: 4 Reply 1, posted (4 years 3 months 2 weeks 3 days 13 hours ago) and read 2638 times:
Didn't AF own a large part of the carrier a couple of years ago? I remember something that they (partly) owned OK before, but that they sold it back to the Czech government after (political) trouble.
TANS From Czech Republic, joined May 2005, 134 posts, RR: 0 Reply 4, posted (4 years 3 months 2 weeks 2 days 16 hours ago) and read 1915 times:
Quoting Joost (Reply 1): Didn't AF own a large part of the carrier a couple of years ago? I remember something that they (partly) owned OK before, but that they sold it back to the Czech government after (political) trouble.
AF did indeed buy 40% of the airline in 1992 (http://www.flightglobal.com/pdfarchive/view/1992/1992%20-%200056.html).
I don't know the exact details, but most people seem to remember it as the dark days and AF sold its stake back to the Czech government in 1994...
Sponsor Message: 
From United States of America, joined May 2000, 22255 posts, 
From Netherlands, joined Apr 2005, 3131 posts, 
From United Kingdom, joined Jan 2009, 955 posts, 
From Russia, joined Jan 2009, 1390 posts, 
From Czech Republic, joined May 2005, 134 posts, 
Printer friendly format 
