Business
Asiana Airlines Takeover Worth $2.1 Billion Called Off – Simple Flying
A deal to acquire South Korean carrier Asiana Airlines has collapsed. News of the deal’s failure came on…
A deal to acquire South Korean carrier Asiana Airlines has collapsed. News of the deal’s failure came on Friday, and it means that the airline won’t be taken over by Hyundai Development Company and Mirae Asset Daewoo. Reports indicate that the airline’s owner, Kumho Industrial, pulled the 2.5 trillion ($2.1 billion) sale.
Asiana Airlines has been bleeding cash, maintaining its A380s during this crisis. Photo: Getty Images
A call for better terms
The deal for the Hyundai Development Company (H…
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