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As of on the Korea Stock Exchange ∙ Minimum 15 minute delay
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Asiana Airlines Q3 Operating Loss $49 Bln Versus Operating Profit Of $84 Bln Yr Ago
S.Korea's Aekyung Group Says Forms A Consortium For An Asiana Airlines Stake With Stonebridge Capital
S.Korean Activist Fund KCGI Says Partners With Private Equity Firm BankerStreet For Asiana Airlines Stake Bid
ASIANA AIRLINES, INC. is a Korea-based company principally engaged in the provision of air transportation services. Along with its subsidiaries, the Company operates in four business segments: air transportation segment, mainly engaged in the passenger and freight air transportation services, and sale of in-flight duty free products and others; information and communication segment, engaged in the construction, management and maintenance of integrated systems, and sale of computer products; air transportation support segment, mainly engaged in the air cargo handling, cargo terminal leasing and other support businesses, and other business segment, mainly engaged in the leasing and management of bus terminals.
443-83, Ojeong-ro, Gangseo-gu
Jae Hwan Seo
Chang Su Han
Chief Executive Officer, Director
Mi Hyeong Kim
Gwang Hui Ryu
Gyu Yeong Cho
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South Korean builder Hyundai Development Co <267850.KS> said on Tuesday its consortium has been picked as the preferred bidder for a controlling stake in Asiana Airlines <020560.KS> and would inject over $1.7 billion into the debt-ridden carrier.
A consortium led by South Korea's construction firm Hyundai Development Co has been picked as the preferred bidder for a controlling stake in Asiana Airlines, the carrier's top shareholder Kumho Industrial said on Tuesday.
Three bidders, including a consortium led by South Korean conglomerate Aekyung, submitted formal bids for a controlling stake in Asiana Airlines Inc , the country's No. 2 carrier, company officials said on Thursday.
A consortium led by South Korean retail-to-airline group Aekyung submitted a formal bid for a controlling stake in Asiana Airlines Inc, the country's No. 2 carrier, on Thursday, Aekyung said on Thursday.
South Korean retail-to-airline group Aekyung and activist fund KCGI plan to participate in preliminary bidding for a stake in Asiana Airlines, the country's No.2 carrier on Tuesday, company officials said.
South Korea's retail-to-airline group Aekyung and activist fund KCGI plan to participate in preliminary bidding for a stake in Asiana Airlines, the country's No.2 carrier, sources with direct knowledge of the matter told Reuters.
South Korea's activist fund KCGI, the second-largest shareholder in the parent company of Korean Air Lines Co Ltd <003490.KS>, said it was looking to buy a controlling stake in Asiana Airlines <020560.KS>, helping send shares of the carrier up 26%.
* S.Korea's No.2 airline up for sale, initial bids on Sept. 3
South Korea's activist fund KCGI, the No.2 shareholder in the parent company of Korean Air Lines , is interested in buying rival carrier Asiana Airlines, KCGI Chief Executive Officer Kang Sung-boo told Reuters on Monday.
South Korea's Asiana Airlines Inc <020560.KS> said on Tuesday it plans to switch to smaller planes for some of its Japan routes starting September due to declining demand amid a worsening diplomatic and economic row between South Korea and Japan.
The top shareholder of Asiana Airlines Inc <020560.KS> has kicked off the sale of its stake in the debt-laden South Korean carrier, an official at Asiana's parent group said on Thursday.
South Korea's Asiana Airlines said on Tuesday it plans to suspend three international air routes starting early July to improve profitability.
South Korea's Kumho Industrial Co Ltd said on Thursday it has hired Credit Suisse to manage the sale of its stake in Asiana Airlines.
South Korean creditors plan to provide 1.6 trillion won ($1.40 billion) in financial support to debt-laden Asiana Airlines Inc, the country's finance minister said on Tuesday, alleviating liquidity problems after a bruising month.
Asiana Airlines' creditors are working on a financial support plan for the debt-laden South Korean carrier that would target a sale of the airline and its two budget affiliates over the next six months, its main creditor said.
Creditors of Asiana Airlines aim to come up with a financial support plan for the debt-laden South Korean carrier by April 25 to help relieve its liquidity problems, the chairman of its main creditor, Korea Development Bank, said on Tuesday.
The top shareholder of South Korea's second-largest carrier, Asiana Airlines, said on Monday it would sell its entire stake in the debt-ridden firm to keep it afloat, sending shares of the carrier and its budget arm 30 percent higher.
Kumho Industrial said on Monday it had decided to sell its one third stake in Asiana Airlines, worth around 356.3 billion won ($314.25 million)
Shares in South Korea's Asiana Airlines rose more than 25 percent on Monday after local media reported that its parent group had agreed to sell a stake in the country's No.2 airline.
Creditors of Asiana Airlines Inc <020560.KS> on Thursday spurned a restructuring plan proposed by parent Kumho Asiana Group, saying it was not sufficient to restore market trust in the indebted South Korean carrier.
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