2024-06-14 11:53:17
It has been reported that Air Incheon, Korea’s solely specialised cargo airline, is prone to be the popular negotiating get together for the sale of Asiana Airways’ cargo division. Korean Air is anticipated to carry a board assembly subsequent week to provide closing approval to the sale plan.
In keeping with the aviation trade on the 14th, Korean Air has reportedly chosen Air Incheon as the popular negotiator for Asiana Airways’ cargo division. The Air Incheon consortium is claimed to have proposed an acquisition value of roughly 500 billion gained. Korean Air plans to make an official announcement quickly after finalizing the detailed phrases of sale and future operation plans. An aviation trade official stated, “It’s not the ultimate resolution, however we’re truly leaning in the direction of Air Incheon.”
To date, the battle to take over Asiana Airways’ cargo division has been a three-way battle between Air Incheon, Air Premia, and Eastar Jet. Air Incheon is claimed to have been extremely evaluated for its enterprise synergy and operational capabilities as a cargo-specialized airline throughout the choice course of as the popular bidder.
Though Air Incheon is a small airline with belongings of 29 billion gained, it’s evaluated by the trade as having wonderful efficiency within the cargo transportation sector. It operates 4 small and medium-sized cargo planes specializing in short-haul routes to China, Japan, and Southeast Asia, and generated gross sales of 70.7 billion gained final yr.
The sale of Asiana Airways’ cargo division was a process offered by the European Fee (EC) as a situation for approval of the enterprise mixture of Korean Air and Asiana Airways. Korean Air plans to obtain U.S. approval and full the merger course of in October of this yr.
Reporter Park Hyeon-ik [email protected]
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2024-06-14 11:53:17