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Korean Airlines to Acquire Asiana Air
Korean Air, South Korea's largest airline, recently announced that they will acquire a 30.77 percent stake in their rival, Asiana Airlines. This deal is valued at over 1.62 billion USD (1.8 trillion won) and will make Korean Air the 10th largest airline in the world. (www.koreaherald.com) Plus d'info...
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Someone changed my link. https://theexplorerblog.com/korean-airlines-to-acquire-asiana-air.php << This was the original
korean government is the lender of last resort in this most tenuous situation. I applaud them for stepping up to do the right thing for all concerned. NOthing prevents the government from extracting a slight premium upon leaving the agreement when normal returns in a year or two. No losers in such an arrangement...
