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|Korean Air and Asiana merger to offer ‘wider range of routes’|
Major consolidation of South Korea’s aviation market is looming following confirmation that Korean Air is planning to purchase rival Asiana Airlines. Korean Air will pay KRW1.8 trillion ($1.6 billion) for Asiana, with state-owned Korea Development Bank investing KRW800 billion to support the deal. South Korea’s flag-carrier plans to raise KRW2.
Posted: 2020-11-16 14:49:00
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