Asia's airline bazaar will help peers fly higher

Kumho Engineering & Construction

11/09/2019 03:35

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are her own.)
    By Clara Ferreira-Marques
    HONG KONG, Sept 11 (Reuters Breakingviews) - At least six
carriers are on the block in the region, from SriLankan to South
Korea's Asiana. Budget rivals have eaten into dominant positions
and fuelled excess capacity, while growth has cooled. Most will
not find a buyer and deserve to shrink or close; survivors will
benefit. 
    Full view will be published shortly.
    On Twitter https://twitter.com/claramarquesrtr
    
    CONTEXT NEWS
    - South Korean Aekyung, a retail to airline group, and
activist fund KCGI plan to participate in preliminary bidding
for a stake in Asiana Airlines, the country’s
number two carrier, company officials said on Sept. 3. South
Korean brokerage Mirae Asset Daewoo will also take part as a
financial investor.
    - A 31% stake in Asiana has been put up for sale by
its indebted top shareholder Kumho Industrial. 
    - For previous columns by the author, Reuters customers can
click on  MARQUES/ 
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    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
BREAKINGVIEWS - Singapore Airlines reroutes back to Malaysia   
 urn:newsml:reuters.com:*:nL4N23Z0HH
BREAKINGVIEWS - Kuala Lumpur can give up Malaysia Airlines   
 urn:newsml:reuters.com:*:nL3N2172JE
BREAKINGVIEWS - M&A can bring relief to Asia’s crowded skies   
 urn:newsml:reuters.com:*:nL4N1XU1Q2
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Editing by Una Galani and Sharon Lam)
 ((clara.ferreira-marques@thomsonreuters.com; Reuters Messaging:
clara.ferreira-marques.thomsonreuters.com@reuters.net))