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Showing results for tags 'KAL'.
December 30, 2019 Hyundai Development Company announced (27-Dec-2019) its consortium and Kumho Industrial agreed to acquire the latter’s majority stake in Asiana Airlines for KRW2.5 trillion (USD2.2 billion). Hyundai Development Company will have approximately 61.5% stake in Asiana by investing KRW2 trillion (USD1.8 billion) while Mirae Asset Daewoo, which participated as a financial investor, will hold about 15%. The deal incudes Asiana’s affiliates Air Seoul and Air Busan. https://blueswandaily.com/hyundai-development-company-consortium-acquires-asiana-airlines/ ______________
Delta Air Lines acquires 4.3% equity stake in Hanjin KAL June 21, 2019 Delta Air Lines acquired (20-Jun-2019) a 4.3% equity stake in Hanjin KAL, a Korean Air shareholder. Delta Air Lines CEO Ed Bastian stated Delta’s partnership with Korean Air is “already one of our fastest-integrating and most successful partnerships”, adding the new investment is expected to “further strengthen our relationship as we continue to build on the value of the joint venture”. He noted the carrier has a “vision to deliver the world’s leading trans Pacific joint venture” with Korean Air, delivering the “str