Creditors to inject US$2b into Asiana Airlines after sale collapses | Malay Mail

Friday, 11 Sep 2020 07:51 PM MYT

SEOUL, Sept 11 — Creditors plan to inject US$2 billion into debt-ridden Asiana Airlines after a planned sale of South Korea’s second-largest carrier collapsed, a state bank said today. They had agreed to buy control of Asiana in December, but called for better terms after the airline’s debt surged in subsequent months after the coronavirus pandemic tore through markets and wiped out demand for travel.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US bankruptcy judge rejects LATAM Airlines proposed US$2.4b financing deal | Malay MailSAO PAULO, Sept 11 ― A US bankruptcy judge yesterday rejected a US$2.4 billion (RM10 billion) financing plan for struggling LATAM Airlines on the grounds that a convertible loan included as part of the package would amount to “improper” treatment of other shareholders. The move is a setback...
Source: malaymail - 🏆 1. / 86 Read more »