South Korean creditors to provide US$1.4b support to Asiana AirlinesChristian Fernsby ▼ | April 23, 2019
South Korean creditors plan to provide 1.6 trillion won ($1.4 billion) of financial support to debt-laden Asiana Airlines to address the carrier's liquidity problems, the country's finance minister said on Tuesday.
Asia Creditors now offered to buy perpetual bonds worth 500 billion won
Creditors now offered to buy perpetual bonds worth 500 billion won and set a credit limit of 800 billion won, among others, Finance Minister Hong Nam-ki said.
Speaking at a meeting, he also said creditors were targeting the sale of Asiana Airlines, South Korea's second-biggest airline after Korean Air Lines, within this year. ■