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Air France To Bid On CSA  
User currently offlineLAXintl From United States of America, joined May 2000, 26524 posts, RR: 50
Posted (6 years 1 day ago) and read 4163 times:

Like Lufthansa, Air France is looking to gobble up more and more smaller European carriers.

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."


From the desert to the sea, to all of Southern California
4 replies: All unread, jump to last
User currently offlineJoost From Netherlands, joined Apr 2005, 3201 posts, RR: 4
Reply 1, posted (6 years 23 hours ago) and read 4133 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.

Can anyone tell more about this?

User currently offlineSeemyseems From United Kingdom, joined Jan 2009, 978 posts, RR: 6
Reply 2, posted (6 years 23 hours ago) and read 4127 times:

This is great news!

What about Aeroflot's interest?

Great news!

Proud European
User currently offlineSevernaya From Russia, joined Jan 2009, 1457 posts, RR: 2
Reply 3, posted (6 years 9 hours ago) and read 3661 times:

Quoting Seemyseems (Reply 2):
What about Aeroflot's interest?


Всяк глядит, да не всяк видит.
User currently offlineTANS From Czech Republic, joined May 2005, 134 posts, RR: 0
Reply 4, posted (6 years 2 hours ago) and read 3410 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...

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