Asiana Airlines to Be Up for Sale this Week

If anyone has any spare cash lying around you could buy Asiana Airlines this week:

Asiana Airlines is expected to be up for sale as early as Thursday. 

Kumho Industrial, Asiana’s biggest shareholder, and the airline’s credit holders plan to start the sale process on Thursday or Friday. They are looking to find a buyer and sign a main contract by the end of this year. 

Market observers presume it will take one trillion won to two-point-five trillion won to buy South Korea’s second largest airline. Some local conglomerates are being mentioned as potential bidders, including SK, Hanwha, CJ and Aekyung. 

Earlier this year, the Asiana’s creditors led by the state-owned Korea Development Bank(KDB) decided to provide one-point-73 trillion won in financial assistance to help normalize the cash-strapped airline, setting a goal to sell it by year-end.

KBS World Radio
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Tagum City Tim
Tagum City Tim
5 years ago

Trump’s family should buy Asiana and give it as a gift to Fatty Kim as a bribe to totally denuclearize. 😆 😆 😆 😆

2ID Doc
2ID Doc
5 years ago

Maybe that “nut job” from KAL can buy it! Then she can abuse her employees at will without governmental interference! I know poor taste but I wonder if KAL will (or is allowed) to bid on it?

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