Asiana Airlines will be on sale in July

Kumbo Asiana Group, a South Korean conglomerate, said on June 27 that it would begin the process of selling its Asiana Airlines airline in July in a broad-based restructuring effort.

Speaking at a meeting with shareholders on June 27, Chairman and CEO of Asiana Airlines Inc. Han Chang-soo said the group will announce the announcement of the sale of Asiana Airlines Inc. in this month.

Currently corporations such as SK, CJ, Hanwha and Aekyung have been mentioned as the “heavy” buyers of South Korea’s second largest airline after Korean Air Lines Co. Earlier this month, Korean Air President Cho Won-tae said the company was “keeping an eye on the deal.”

Source: Star Alliance.

In 2018, Asiana Airlines and its main creditor, Korea Development Bank, signed an agreement that required the airline to ensure liquidity through the sale of non-core assets and the issuance of convertible and convertible bonds. Voucher has no due date.

In the same year, Asiana Airlines recorded a net loss of 10.4 billion won (more than $ 9 million), in contrast to a net profit of 248 billion won in the previous year due to monetary and fuel cost losses. aircraft increased.

* Source: VietnamPlus


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