AIR FRANCE KLM withdraws from tender for privatization of CSA
August 19th, 2009
AIR FRANCE KLM today informed the Czech Ministry of Finance of its decision to withdraw from the tender process for the privatization of Ceske aerolinie a.s. (CSA). The current economic environment has significantly impacted the airline business. Under such circumstances, AIR FRANCE KLM believes that CSA might focus on developing and implementing a stand-alone recovery plan aimed at restoring its profitability.
In this context AIR FRANCE KLM wishes to further strengthen the existing partnership between the two groups and to continue to explore with CSA any new areas of cooperation that could be of mutual benefit to each company.
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