Czech airline company Travel Service has completed acquisition of a 34% stake in Czech Airlines, becoming the carrier’s newest and second largest shareholder. The deal was approved by the European Commission in December 2014. As a result of the transaction, Korean Air remains the major shareholder, with 44%, followed by Travel Service (34%), Czech Aeroholding (19.735%), and Česká Pojišťovna (2.265%). In a statement, Czech Airlines said it viewed “the entry of ...

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