South Korean budget airlines submit bids for Asiana cargo unit - media

ASIANA AIRLINES

28/02/2024 07:20

SEOUL, Feb 28 (Reuters) - The sale of Asiana Airlines'
 020560.KS  cargo business has attracted offers from four South
Korean low-cost carriers, South Korean media reported on
Wednesday. 
    Jeju Air  089590.KS , Eastar Jet, Air Premia and Air Incheon
all submitted non-binding bids, the reports said.
    Debt-ridden Asiana is set to be acquired by Korean Air
 003490.KS , South Korea's biggest carrier, but EU antitrust
authorities have stipulated that its cargo business must be sold
before they will give the deal their approval.
    Korean Air, Asiana, Air Premia and Eastar Jet declined
comment.
    Representatives for Jeju Air and Air Incheon could not be
immediately reached for comment. 
    

($1 = 1,335.5100 won)

 (Reporting by Joyce Lee and Lisa Barrington; Editing by Edwina
Gibbs)
 ((joyce.lee@tr.com;))