South Korea Asiana Airlines sale negotiations broke down Business environment changed significantly in Corona September 12, 7:42
Asiana Airlines, a major Korean airline, has been negotiating for sale with major real estate companies since last year due to the deterioration of the group's cash flow, but announced on the 11th that the negotiations broke down.
It has been pointed out that the background is that the business environment has changed significantly due to the influence of the new coronavirus, and the Korean government has decided to provide more than 200 billion yen in Japanese yen.
Asiana Airlines was under the umbrella of the conglomerate Kumho Asiana Group, but due to the group's poor cash flow, it was decided to sell it in April last year, and real estate giant HDC Hyundai Industry We were in the process of negotiating with a corporate alliance created through development.
However, Asiana Airlines and others revealed on the 11th that the negotiations had broken down.
Although the Korean media basically agreed to sell 2.5 trillion won and about 230 billion yen in Japanese yen in December last year, the business alliance is changing drastically due to the influence of the new coronavirus. The side requested a review of the conditions and reported that it was no longer possible to come to terms.
In response to this, the South Korean government decided to provide Asiana Airlines with about 210 billion yen, but local media reported that Asiana Airlines will be forced to look for new sales destinations in the future. The difficult situation is likely to continue.