CSA Czech Airlines Supervisory Board approved the decision of the board of directors regarding the winner of the tender for financing the purchase of 12 A320s/A319s. The banks are Ceskoslovenska obchodni banka a.s., BNP Paribas and Natexis Banques Populaires. CSA will finance its new airplanes valued at CZK10-CZK12 billion ($402.4-$482.9 million) through a 12-year financial leasing guaranteed by European export credit agencies. The aircraft will be delivered in 2006-08.
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