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Asiana Airlines: soon the sale of the low-cost Air Busan and Air Seoul?

It could be a prerequisite for new financing

Asiana Airlines' creditors are evaluating a plan to maintain financial support for the Korean carrier, which due to the debts accumulated in recent years is about to face a period of corporate restructuring also through the sale of some assets by the Kumho Group Asiana who holds it. According to a statement in the local press by Lee Dong-gull, president of the Korean Development Bank (KDB), the plan...

M/A - 1220874
Seoul, South Korea, 04/16/2019 12:49
AVIONEWS - World Aeronautical Press Agency

AirlinesAsiana Airlines: will the carrier sold soon to creditors?

It is ready a $ 1.4 billion rescue plan

To avoid liquidity problems to the carrier Asiana Airlines Hong Nam-ki, South Korea's Minister of Finance, announced -speaking to the local press- that a $ 1.4 billion (1.6 trillion won) support plan will... more

AirlinesAsiana Airlines: will the Kumho Group sell a third of the shares?

Possible sale for 315 million dollars

Attempts by Kumho Asiana Group to save the South Korean carrier Asiana Airlines, which in recent years has recorded an excessive increase in expenses, increasing its debt almost uncontrollably, continue.... more

AirlinesAsiana Airlines: 3 years to restructure the carrier

A € 390 million loan is requested

If Asiana Airlines will fail to complete its restructuring plan over the next three years, which would allow it to return to positive operations, the main shareholder of the carrier -Kumho Asiana Group-... more

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