Jin Air climbs as govt lifts sanctions on virus-hit carrier

Jin Air Co

31/03/2020 02:18

** Shares of Jin Air  272450.KS , a budget airline and an
affiliate of Korean Air Lines  003490.KS , rise as much as 15% 
    ** South Korea's transport ministry said on Tuesday it will
lift sanctions on Jin Air over its new routes and new aircraft
    ** The sanctions were imposed on Jin Air in August 2018
after its executive and founding-family member Emily Cho
resigned in light of public backlash over her outburst   
    ** Jin Air says it is "fortunate" that the sanctions were
removed at a time when the airline industry is in an
"unprecedented crisis" of coping with the coronavirus pandemic  
  
    ** The benchmark KOSPI market  .KS11  was trading up 1.6%

 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685))