• 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 (

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