Korean Air submits bid for Czech Airlines
Seoul - YONHAP
Korean Air Lines Co., South Korea's top air carrier, has submitted a bid for a 44 percent stake in the troubled Czech Airlines (CSA) as part of efforts to strengthen its network in Europe, a company official said Tuesday. Korean Air has said it plans to spend "several million dollars" to acquire the stake, though it will not include managerial control of the Czech Republic's flag carrier.
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