Asiana Airlines creditors to come up with financial support plan by April 25-KDB
16/04/2019 05:00
SEOUL, April 16 (Reuters) - Creditors of Asiana Airlines
020560.KS aim to come up with a financial support plan for the
debt-laden South Korean carrier by April 25 to help relieve its
liquidity problems, the chairman of its main creditor, Korea
Development Bank, said on Tuesday.
KDB Chairman Lee Dong-gull also told a briefing the
creditors plan to sign a preliminary deal on the support
measures in late April or early May.
Kumho Industrial 002990.KS , the top shareholder of Asiana,
said on Monday that it plans to sell its entire 33.5 percent
stake, worth 500 billion won ($440.08 million) at the closing
price, as the cash-strapped airline seeks creditor support.
urn:newsml:reuters.com:*:nL3N21X0EY
Lee said it is "desirable" that Asiana should also sell its
units, which include two budget carriers, Air Busan 298690.KS
and Air Seoul.
($1 = 1,136.1600 won)
(Reporting by Hyunjoo Jin; Editing by Muralikumar Anantharaman)
((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net))