Jeju Air looks to grow cargo business after flying back into the black
Low-cost carrier Jeju Air, one of the reported suitors for Asiana Airlines’ cargo business, has ...
Hanjin – or rather, its customers – has received a small lifeline after its biggest shareholder Korean Air provided Won50bn ($54m) in new loans. The money will be used to relieve the supply chain disruptions, and enable more cargo to be unloaded. The longer the delays, the more debt Hanjin will face, as it must return its ships to the charterers – fees amount to about $2m a day. Despite the payout, which may be matched by Korea Development Bank, Hanjin’s ...
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