A consortium led by local constructor Hyundai Development Company is likely to be picked as a preferred bidder to become the new owner of South Korea's second biggest carrier Asiana Airlines.
The consortium led by HDC and investment company Mirae Asset bid around 2-billion U.S. dollars to take over the airline,... offering more than its rival consortium led by local cosmetic company Aekyung Industry.
The HDC consortium has already passed the transport ministry's screening process.
If confirmed,... the consortium is set to begin talks with Asiana's main creditor, the Korea Development Bank, to complete the takeover.