Czech Airlines catering and cargo terminal in Prague for sale

The Czech state-run carrier Czech Airlines has said it will sell its catering service and a cargo terminal at the Prague Ruzyne international airport. The move is part of recently launched cost-cutting measures, the airline said in a statement. The company said it hopes to receive offers from possible buyers this year and to choose the winning bidder in February 2007. Czech Airlines posted a net loss of 773 million crowns (34.54 million USD; 27.28 million euros) in the first half of the year. Last month the struggling state-controlled carrier asked its main shareholder, the finance ministry, for a cash injection of about 2 billion crowns but denied speculation of impending bankruptcy.