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East Star Air's real owner, Democratic Party Leader Lee Sang-ik, who has a monthly salary of 25 billion won to give to employees, made his position today (29th). He said he would dedicate all of his family's shares to the company. However, they did not explicitly state the suspicion of the recent suspicion, including the process of acquiring their children's stocks, and the union claimed that it was avoiding grainless liability.

First is Hyungwoo Jeon.

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Lee Star Air's real owner, Lee Sang-jik, a Democratic Party member, made company executives read his position instead.

[Kim Yoo-sang/Director of ISTA Aviation Management (Lee Sang-jik, Admiral Lee Dae-Gwan): I decided to dedicate all of Ista Holdings' shares held by my family to ISTA Air.]

ISTA Holdings' 38.6% stake in ISTA Air, approximately 410 Is to hand over 100 million won worth to Estar Air.

In doing so, she turned her responsibility to Jeju Air.

[CEO Jong-Goo Choi/Ista Air CEO: Following the M&A process with Jeju Air, Easta Air is only spending time without qualifying for government support.] The

union showed the position of avoiding the responsibility without the grain.

[Park Lee-sam/Ista Air Pilot Union Chairman: It does not mean that the sale price will be returned to the workers. No countermeasures have been made on how to pay the delinquent wage.] In the

entrance statement on the 25th, Estar said it was a'virtual minus deal' with little profit to be taken by the Lee Sang-jik family member even if the sale was successful.

So, I made this decision'big decision and dedication'.

Basically, if Estar Air is not sold to Jeju Air, the shares abandoned by the family member Lee Sang-Jik have little value.

This is because it is currently fully capitalized.

[Kyung-Yul Kim, Accountant/Economic Democracy 21 Representative: After the sale contract (with Jeju Air) was canceled, the value of the stake held is not so high. Even if the stake is taken by Estar Air, the financial structure is not improved immediately.]

Also, it did not mention any sensitive issues, such as the process of acquiring their children's shares or the direction of the company's stake in Istar Air's stake.

Jeju Air did not respond to the Eastar conference.

(Video coverage: Kim Seong-il, video editing: Seung-hee Lee) 

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