Air France-KLM to submit Expression of Interest to Czech Airlines

 
The Ministry of Finance of the Czech Republic does not expect any binding offers before June, by which time the applicants will have carried out due diligence of Czech Airlines.  
 
This process reflects the broader view of Air France-KLM on the air transport industry, as the Group has very often expressed its intention to take part in the necessary consolidation of the sector.
 
Czech Airlines is a close partner of Air France-KLM, particularly in the SkyTeam Alliance, of which it has been a member since 2001. Its network is highly complementary to that of Air France-KLM. Among other things, it would enable the Group to strengthen its position in Central and Eastern Europe.

 
(c) Centre for Asia Pacific Aviation. Date posted: 24-Mar-09

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