KDB injecting around US$ 722 mil. to help Korean Air buy cash-strapped Asiana Airlines
Arirang News
2020-11-16
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산은, 한진칼에 8000억 투입…대한항공의 아시아나 인수 추진
South Korea's top airline Korean Air is pushing ahead in its bid to acquire its biggest local rival, Asiana Airlines.
At a closed-door ministerial meeting Monday, sources say government officials gave their approval for Hanjin Group, the owner of Korean Air, to takeover cash-strapped Asiana,… the nation's second-largest full-service carrier.
Under a potential deal, the state-run Korea Development Bank would inject around 722 million U.S. dollars to enable Korean Air to purchase an almost 30-point-eight percent stake in Asiana Airlines.
If the merger happens, Korean Air will become one of the top 10 carriers in the world.
South Korea's top airline Korean Air is pushing ahead in its bid to acquire its biggest local rival, Asiana Airlines.
At a closed-door ministerial meeting Monday, sources say government officials gave their approval for Hanjin Group, the owner of Korean Air, to takeover cash-strapped Asiana,… the nation's second-largest full-service carrier.
Under a potential deal, the state-run Korea Development Bank would inject around 722 million U.S. dollars to enable Korean Air to purchase an almost 30-point-eight percent stake in Asiana Airlines.
If the merger happens, Korean Air will become one of the top 10 carriers in the world.
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