Asiana completes sale of cargo business to Air Incheon
And it has closed: Asiana’s cargo business will be part of Air Incheon on 10 ...
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By Alex Lennane
Korean companies have had a tough time. Next up is Korean Air, expected to release its financial results tomorrow – forecast to show a fourth consecutive loss. And, as this article explains, currency headwinds are likely to increase its already sky-high debt levels. The carrier had $13bn in total borrowings as of September, and a near-1000% debt-to-equity ratio.
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