Virgin Australia fiscal 1H net profit down 56% Korean Air has submitted a bid to take a 44% stake in CSA Czech Airlines, according to multiple . reports from Seoul and Prague. The airline is owned by several Czech Republic government institutions, but the government has indicated it wants to partially or fully privatize the loss-making carrier. Korean Air had been considering making a bid and confirmed to several news outlets that it officially made a multi-million dollar bid. Czech media reported that Korean Air is the only bid der. Qatar Airways had also contemplated bidding for a stake in Czech Airlines, but has reportedly declined to do so. Both Korean Air and Czech Airlines are members of SkyTeam.
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