Minority shareholders of T’way Air (South Korea) have begun legal and financial action, alleging violations of their shareholder rights amid the airline’s merger and acquisition agreement involving major stakeholders Yelimdang and Daemyung Sono Group. The dispute highlights growing concerns over transparency and fair treatment in corporate governance during ownership transitions.
Hanwha Aviation, a South Korean aircraft lessor, is considering adding freighters to its leasing portfolio and developing Maintenance, Repair, and Overhaul (MRO) capabilities as part of its long-term growth strategy. The company is assessing market opportunities to expand its presence in the air cargo leasing sector while strengthening its technical service offerings.
Asiana Airlines (South Korea) has successfully repaid $2.6 billion in loans received from the Export-Import Bank of Korea, the Key Industrial Stability Fund, and the Korea Development Bank. The repayment eliminates a major financial burden for the airline, positioning it for long-term stability and a smoother transition amid its planned merger with Korean Air.
Parata Air (South Korea) has commenced its repayment process to Yangyang County, issuing an initial $68,700 payment as part of a $1.3 million financial support settlement. The repayment is part of a court-approved rehabilitation plan following the financial restructuring of Fly Gangwon.
Sono Group (South Korea) is fast-tracking its efforts to gain management control of T’way Air, positioning itself as the carrier’s largest shareholder. The move aligns with Sono Group’s broader strategy to establish a resort-linked airline, with a potential inclusion of Air Premia into its portfolio.
Korean Air CEO Woo Kee-hong is set to be promoted to vice chairman upon the completion of Korean Air’s corporate merger with Asiana Airlines. This promotion highlights the strategic importance of the merger, which aims to consolidate the two major South Korean carriers into a globally competitive airline. The merger process has been closely monitored by industry analysts and…
Air Busan (South Korea) is set to hold a temporary shareholders’ meeting this week, during which it plans to appoint three new directors. These include two inside directors and one non-executive director, all of whom are affiliated with the airline’s parent company, Korean Air.
