- Korean Air's first investment abroad amounted to EUR 2.64mn for 44% stake in Czech Airlines
- Sale is landmark for Czech Airlines and the European airline industry, in a difficult market environment
- Prague Airport to become European transfer point for Korean Air and further consolidate its position as European hub
- CEE is favourite destination for South Korean investments; Asian companies expected to reinvest profits and expand footprint in the region
State-owned company Czech Aeroholding has entered into an agreement to sell a 44% stake in Czech Airlines (