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Korean Air to invest in $43.9 mln terminal project

Tue Dec 4, 2007 11:21pm EST

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SEOUL, Dec 5 (Reuters) - Top South Korean carrier Korean Air (003490.KS) said on Wednesday it will take part in the $43.9 million project to construct a cargo terminal at China's Tianjin airport.

Korean Air said in a filing with the Korea Exchange that it will hold up to a 47 percent stake in the joint project, and Korea Airport Service Co (005430.KS) will have 15 percent. (Reporting by Lee Jin-joo; Editing by Sei Chong)



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