Korean Air plans to sell approximately KRW1 trillion (USD814.6 million) in shares to raise capital to offset the impact of coronavirus on revenue (Yonhap News/Bloomberg/Reuters/Korea JoongAng Daily, 13-May-2020). The airline plans to list 79.4 million new shares on the Korea Exchange on 29-Jul-2020. The new shares will initially be available for purchase by existing shareholders, followed by the general public.
Korean Air to issue 79.4m new shares in Jul-2020, raising USD815m in new capital
14 May, 2020