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Asiana Airlines to keep similar stake in Air Busan

Dec 27,2018
Asiana Airlines said Wednesday its stake in its affiliate, Air Busan, will stand at 44.17 percent after the budget carrier’s planned stock market debut, nearly unchanged from the current level.

Asiana Airlines, the largest shareholder, currently holds a 46 percent stake in Air Busan, which is set to go public on the Kospi on Thursday.

Market insiders have long expected the parent Asiana Airlines to unload part of its stake in the low-cost carrier to secure funds to improve its financial status.