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Aeroflot studies buying into Czech Airlines

Mon Oct 29, 2007 1:10pm EDT

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MOSCOW, Oct 29 (Reuters) - Russia plans to buy into Czech Airlines (CSA), a Russian news agency quoted a government official as saying on Monday, while the flag carrier, Aeroflot, (AFLT.MM) said it might consider the option.

RIA news agency quoted vice-premier Sergei Naryshkin as saying that Russia was planning to buy into the Czech firm, although he did not name the Russian company that could act as a buyer.

"Within the next three years, we plan to take part in the privatisation of Czech Airlines and the airport," Naryshkin said.

Aeroflot told Reuters it might study the option, but has no immediate purchase plans.

"We are interested in the European market and are examining it closely. We of course are looking at Czech Airlines in particular, but for the moment we are not considering buying it," Aeroflot spokeswoman Irina Dannenberg told Reuters.

The Russian carrier, which has long been seeking to enter the European market, earlier said it might bid for the struggling Italian airline Alitalia AZPIa.MI and Serbia's JAT Airways.

((Reporting by Anton Doroshev, writing by Tanya Mosolova, editing by Paul Bolding; Moscow newsroom, moscow.newsroom@reuters.com, +7 495 775-1242)) Keywords: AEROFLOT CZECHAIR/

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