newstodate.aero
Aug 20, 2009 (newstodate): Despite the pull-out by one of the two contenders in the process for privatisation of the Czech carrier CSA, the show will go on.
Alone to hand in a bid for 91.5 percent of the stake in CSA is now the partly Icelandic-owned Travel Service that has been granted a further two weeks till the end of September 2009 to reconsider its calculations after the latest turbulence.
The Czech ministry of finance has confirmed that the process will proceed, but market analysts expect that the withdrawal of Air France-KLM from the process has eliminated the element of competition with negative effects on the final price tag.
Alone to hand in a bid for 91.5 percent of the stake in CSA is now the partly Icelandic-owned Travel Service that has been granted a further two weeks till the end of September 2009 to reconsider its calculations after the latest turbulence.
The Czech ministry of finance has confirmed that the process will proceed, but market analysts expect that the withdrawal of Air France-KLM from the process has eliminated the element of competition with negative effects on the final price tag.