Korean Air to take over distressed Asiana Airlines for $1.6 billion

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South Korean flag-carrier Korean Air said Monday it will buy out its smaller troubled rival Asiana Airlines in a $1.6 billion deal as it looks to consolidate with the coronavirus pandemic sending shockwaves through the global aviation sector.

The post Korean Air to take over distressed Asiana Airlines for $1.6 billion appeared first on TODAY.

Posted by Dayoung on Sunday, 15 November 2020 - Rating: 4.8

Title : Korean Air to take over distressed Asiana Airlines for $1.6 billion
Description : South Korean flag-carrier Korean Air said Monday it will buy out its smaller troubled rival Asiana Airlines in a $1.6 billion deal as it loo...

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