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Creditors map out normalization plan for Asiana after deal collapses

All News 17:53 September 11, 2020

SEJONG, Sept. 11 (Yonhap) -- South Korea's finance ministry said Friday that state-run creditor banks have mapped out a plan to normalize operations of debt-laden Asiana Airlines Inc. after Hyundai Development Co.'s deal to buy the airline collapsed.

Finance Minister Hong Nam-ki held a meeting with economy-related ministers, financial regulators and heads of state-run creditor banks earlier in the day, during which they discussed about the plan to normalize operations of Asiana Airlines, the ministry said in a statement.

The ministry did not elaborate about the normalization plan, but creditor banks said they will inject 2.4 trillion won (US$2 billion) into Asiana Airlines.

Creditors map out normalization plan for Asiana after deal collapses - 1

kdh@yna.co.kr
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