PRAGUE Nov 7 The Czech Finance Ministry wants
the government to prepare the national carrier Czech Airlines
(CSA) for privatisation, news website lidovky.cz reported on
"I will ask the cabinet today to request, as the main
shareholder, Cesky Aeroholding to prepare the privatisation (of
Czech Airlines)," lidovky.cz quoted Finance Minister Miroslav
Kalousek as saying.
State-owned Cesky Aeroholding also operates Prague Airport.
The government had previously tried to privatise the airline
in 2009, following heavy losses from a failed expansion plan.
But the sole bidder, Czech charter airline Travel Service,
refused to buy CSA without securing a capital injection from the
Czech Airlines, a member of the Sky Team alliance which also
includes Delta and Air France, has had to cut back its fleet and
services to avoid collapse.
The airline lost 241 million crowns ($12.10 million) last
The European Commission gave approval in September for a 100
million euros in aid to the state-owned airline.
Prime Minister Petr Necas said at the end of last year that
he would recommend in 2012 that the government looks to sell CSA
to a strategic partner.