The Czech government could buy up to 100% of airline operator Smartwings, the owner of Czech Airlines, or offer the national flag carrier state-guaranteed loans, Industry Minister Karel Havlicek said on Saturday.
FILE PHOTO: A Smartwings airline Boeing 737 approaches for landing at Vaclav Havel Airport in Prague, Czech Republic, August 20, 2019. REUTERS/David W Cerny/File Photo
Finance Minister Alena Schillerova backed the idea of buying the group, CTK news agency reported, as airlines have grounded planes as governments have imposed lockdowns and advised against international travel to prevent the coronavirus spreading. Havlicek, who also runs the Transport Ministry, said any government move would be an investment, adding the group could be sold later, possibly for a profit.
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