Asiana Airlines offers early retirement ahead of sale
Troubled carrier Asiana Airlines Inc. said Thursday it has offered a voluntary retirement program in an effort to make itself more attractive ahead of its planned sale. The early retirement offer covers Asiana employees with 15 years or more of continuous service at South Korea’s No. 2 airline. Asiana will receive applications from volunteers till […]
Kumho Asiana to sell flagship unit for fresh loans
Cash-strapped Kumho Asiana Group on Monday submitted a new package of self-rescue measures, including the sale of its flagship airline unit, in a desperate move to get additional financial help from its creditors. Kumho Asiana’s creditors, led by the state-run Korea Development Bank (KDB), will hold a meeting to review the group’s revised self-help plans, […]
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