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Image header Agence Europe
Europe Daily Bulletin No. 11222
ECONOMY - FINANCE - BUSINESS / (ae) competition

19/12/2014 (Agence Europe) - Green light to acquisition of CSA by Travel Service and CAH. On Friday 19 December, the European Commission gave the go-ahead to the planned acquisition of joint control over Èeské aerolinie, the Czech national air carrier, by Travel Service and Èeský Aeroholding, all of the Czech Republic. Travel Service provides scheduled air transport of passengers under the brand name “SmartWings”, charter flights and air transport of cargo. Èeský Aeroholding is a state-owned holding company which owns shares in selected companies engaged in the air transport sector and related ground services. Èeské aerolinie is the Czech national carrier with core business in scheduled air transport of passengers and air transport of cargo. The Commission concluded that the proposed acquisition would not raise competition concerns because passengers would continue to have a number of alternative suppliers for their flights to and from Prague airport. (EL)

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