Korean Air, which bought a 44% stake in SkyTeam partner CSA Czech Airlines in April 2013, has sold its holidings to Czech charter company Travel Service. They already owned 34% of the Czech flag carrier, and has also purchased the 20% share owned by the Czech Republic Government. This means Travel Service now holds 98% of the shares.
When Korean took its stake in CSA, it helped save the Czech airline from bankruptcy. The airline has since returned to profit.
Travel Service is Boeing’s East European 738Max launch customer and operates in Germany, Poland, Czech Republic, Slovakia and Hungary, operating charter and scheduled services.