The European Commission has approved plans for Czech carrier Travel Service to take a 34% shareholding in national carrier CSA Czech Airlines. In a statement, CSA said it welcomed the decision, as it would help stabilize the loss-making company and “enhance its further development.” The largest shareholder in CSA is Korean Air Lines (KAL), which has a 44% shareholding.  KAL announced late last year that it wanted to exercise options to buy more CSA shares, but European Union ...

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