KDB to sell Asiana Airlines as a 'package deal' to 'responsible buyer'

24 April, 2019

Korea Development Bank (KDB) chairman Lee Dong-gull said the creditors of Asiana Airlines would want to pursue a "package deal", selling Asiana and its LCC subsidiaries to a "responsible buyer" (Korea Times, 23-Apr-2019). KDB said it has signed an agreement with Kumho Group under which Kumho Business and Kumho Industrial will hand over Asiana so creditors can sell the airline by Dec-2019.