newstodate.aero
Jul 23, 2007 (newstodate): CSA has completed the sale of its air cargo terminal at Prague Ruzyne Airport.
The Czech company Central European Handling emerged as the highest bidder in the electronic auction on 26 June 2007 and will take 100 percent of the shares in the company pending the current shareholders' confirmation.
The eventual transfer of ownership will then be completed before the end of this month.
With the divestment, the airline will gain funds required for the bridging of a financially complicated period at the beginning of 2008, and release itself from past debts, which is a precondition for the further development of the company.
The Czech company Central European Handling emerged as the highest bidder in the electronic auction on 26 June 2007 and will take 100 percent of the shares in the company pending the current shareholders' confirmation.
The eventual transfer of ownership will then be completed before the end of this month.
With the divestment, the airline will gain funds required for the bridging of a financially complicated period at the beginning of 2008, and release itself from past debts, which is a precondition for the further development of the company.