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Asiana 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- would sell its shares to guarantee the repayment of the loan that could be provided by the Korean Development Bank (KDB). The bank was asked for financial support of 500 billion won (390 million euros)...

M/A - 1220700
Seoul, South Korea, 04/10/2019 14:07
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: 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... 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

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