South Korea has reportedly informed Czech Aeroholding of the South Korean airline’s plans to acquire an additional 34 percent of Czech Airline currently owned by Czech Aeroholding.
According to reports, Korean Air signed a deal to acquire 44 percent of Czech Airline last April, a deal that included Korean Air’s option to acquire more of the Czech firm from Czech Aeroholding.
Following the acquisition, Korean Air said it will sell 34 percent of Czech Airline to carrier Travel Service, which will become a co-shareholder in Czech Airlines.
In addition to Czech Aeroholding, Korean Air and Travel Service, Ceska Pojistovna holds a 2.26 percent stake in Czech Airline.
The acquisition is part of Korean Air’s efforts to establish Prague as its European epicenter; the introduction of Travel Service in the partnership will reportedly boost Korean Air’s connections in Europe by 40 destinations.
Full Content: Centre for Aviation
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Top Australian Law Firms Target ACCC Talent Ahead of Major Merger Reforms
May 11, 2025 by
CPI
What the Google Antitrust Trial Has Revealed So Far
May 11, 2025 by
CPI
Hamlin Remains Confident in 23XI, Front Row Antitrust Case Against NASCAR
May 11, 2025 by
CPI
Google Faces €2.97 Billion Lawsuit in Italy Over Alleged Market Abuse
May 11, 2025 by
CPI
UFC Finalizes $375 Million Settlement in Fighter Antitrust Case
May 11, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Mergers in Digital Markets
Apr 21, 2025 by
CPI
Catching a Killer? Six “Genetic Markers” to Assess Nascent Competitor Acquisitions
Apr 21, 2025 by
John Taladay & Christine Ryu-Naya
Digital Decoded: Is There More Scope for Digital Mergers In 2025?
Apr 21, 2025 by
Colin Raftery, Michele Davis, Sarah Jensen & Martin Dickson
AI In the Mix – An Ever-Evolving Approach to Jurisdiction Over Digital Mergers in Europe
Apr 21, 2025 by
Ingrid Vandenborre & Ketevan Zukakishvili
Antitrust Enforcement Errors Due to a Failure to Understand Organizational Capabilities and Dynamic Competition
Apr 21, 2025 by
Magdalena Kuyterink & David J. Teece