Asiana To Drop Unprofitable Routes Before Sale | Aviation International News

Asiana To Drop Unprofitable Routes Before Sale

Korean airline has debts to pay despite a government bailout, and now a sale is the only way to avoid eventual collapse despite route cuts.

By William Dennis

April 24, 2019

Asiana Airlines’ (Asiana) revised recovery plan by its nine creditors, led by Korea Development Bank (KDB), will involve the restructuring of its network and eliminating unprofitable routes before the airline is sold in December. The sale, which is expected to reduce liquidity risks, will include Asiana’s two subsidiary low-cost carriers (LCCs), Air Busan and Air Seoul. Asiana holds a 44.2 percent stake in Air Busan and owns the latter outright.

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