The cabinet decided to increase the state’s holding in the Slovenské Aerolínie (SA) carrier from 34 to 90 per cent by handing over three aircraft into basic capital that the firm has so far rented under disadvantageous conditions.
Tramsport Minister Pavol Prokopovič said the next step would be to privatise the firm.
SA was founded in 1995, and last year operated 1,913 flights transporting 150,000 passengers. Its operation has been complicated for years by the political backgrounds of its shareholders, including the Devín Group and the Wili firm, considered close to the former Vladimír Mečiar government.
Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
18. Dec 2002 at 13:38