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Top related persons:
Heekyong Yang - 2 Bae - 1 Asiana - 1 IAG - 1 1,342.9900 - 1 Joyce Lee - 1 Hyunsu Yim - 1 Edwina Gibbs - 1
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SEOUL KS Asiana Korean Union United States Japan Iberia
Top related orgs:
Asiana Airlines - 2 Korean Air Lines - 2 Korean Air - 2 Thomson - 2 country's - 1 European - 1 Analysts - 1 Hi Investment - 1

Search resuls for: "Korea's Asiana Airlines"


2 mentions found


☆ Asiana backs sale of cargo unit, removing one hurdle to Korean Air merger
  + stars: | 2023-11-02 | by ( Heekyong Yang Hyunsu Yim | Heekyong Yang | Hyunsu Yim | ) www.reuters.com   time to read: +3 min
Analysts said, however, that Asiana's greenlighting of the cargo unit sale did not necessarily ensure smooth sailing ahead for the deal. They noted the desired valuation for the air cargo unit of some 700 billion won ($520 million) including debt, as reported by local media, was probably too high. Approving the sale was a contentious issue at Asiana amid concerns that a takeover by Korean Air would lead to the loss of many Asiana jobs. Korean Air also said it will buy 300 billion won of convertible bonds issued by Asiana, part of fresh financial support to the smaller airline. The company accounts for about a fifth of South Korea's market for overseas air cargo.
Persons: Bae, Asiana, IAG, 1,342.9900, Joyce Lee, Heekyong Yang, Hyunsu Yim, Edwina Gibbs Organizations: Asiana Airlines, Korean Air Lines, Korean Air, country's, European, Analysts, Hi Investment, Securities, European Union, European Commission, Air, Lufthansa, ITA Airways, British Airways, Spanish, Korea Development Bank, Asiana, Thomson Locations: SEOUL, KS, Korean, Union, United States, Japan, Asiana, Iberia, Germany, Russia
☆ Asiana Airlines shares jump ahead of board meeting on merger with Korean Air
  + stars: | 2023-10-30 | by ( ) www.reuters.com   time to read: +1 min
If approved, the move might help South Korea's biggest carrier Korean Airlines (003490.KS) to win European Union antitrust approval for acquiring Asiana Airlines. Asiana Airlines said on Friday that it would hold a board meeting on Monday to discuss whether to accept Korean Air's proposal to the EU, according to its regulatory filing. Reuters reported earlier that Korean Air would offer to sell Asiana's air cargo business and divest routes to four EU cities. Separately, Korean Air will convene a board meeting on Monday, said a company official who declined to share further details. At the board meeting, the carrier is expected to finalise a revised proposal to gain EU approval for its merger with Asiana Airlines, Maeil Business Newspaper reported.
Persons: Heekyong Yang, Ed Davies Organizations: Korea's Asiana Airlines, Korean Air Lines, Korea's, Korean Airlines, Asiana Airlines, Reuters, Korean Air, Maeil Business, Thomson Locations: SEOUL, Korea's, KS, Asiana
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