Korean Air Selects Air Incheon as Most well-liked Bidder for Asiana’s World Cargo Freighter Enterprise

Darkish/Gentle Mode
(17/06/24)
 Korean Air has formally chosen Air Incheon because the
most popular bidder for the sale of Asiana Airways’ international cargo
freighter enterprise.

The choice was made earlier as we speak (17 June) at a Board of
Administrators assembly.

Air
Incheon has been chosen as the popular bidder primarily based on a number of key standards:

– The
certainty of finishing the transaction;

– The power to keep up
and improve long-term competitiveness of the air cargo enterprise;
and

– The potential to mobilize funds by a reliable
consortium.

Based in 2012, Air Incheon is Korea’s solely
all-cargo airline, with operations centered in Asia.

Air Incheon will be capable to strengthen its competitiveness by using Asiana
Airways’ fleet of bigger cargo plane in addition to its long-haul
community to the Americas and Europe.

“The preferred bidder was selected
through a comprehensive evaluation of all factors crucial to the
growth of the air cargo industry, a key national industry, while
maintaining the existing competitive environment,” mentioned a Korean
Air consultant. “We are committed to quickly finalizing the
sales process through flexible negotiations, and completing the
acquisition of Asiana Airlines.”

Korean Air plans to signal a
framework settlement with Air Incheon in July after agreeing on the
contract situations. The settlement is topic to assessment by the
European Fee.

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