T’way targets more cargo business ahead of KAL-Asiana mega-LCC take-off
South Korea’s T’way Air is targeting more air freight business as the first low-cost carrier ...
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By Alex Lennane
Hanjin Group is getting larger: this week it agreed a funding deal which will see it lend €68m to subsidiary Korean Air so it can buy rival Korean carrier Asiana. Korean Air will also increase its capital by €1.9bn by issuing new shares. There has been no word as yet on the merging of the cargo businesses, but Asiana operates 12 freighters, adding a significant list to KAL’s operation.
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