Air France and Aeroflot bid for Czech Airlines

Russian state-controlled airline Aeroflot will on Monday submit a bid for Czech Airlines (CSA), business daily Kommersant said.

The Czech government has launched a tender to sell its 91.5 percent stake in the company, with the sale later this year expected by analysts to fetch more than $200 million.

Air France-KLM said earlier this month it will launch a tentative bid for CSA.