Jeju out of Asiana bidding

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Sunday, 28 April 2024

Three low-cost South Korean carriers reportedly are still in the running to buy Asiana Airlines’ cargo business (the sale was part of conditions for Korean Air to acquire Asiana Airlines).

Eastar Jet, Air Premia and Air Incheon have submitted second-round bids, while Jeju Air dropped out.

The bids seek a buyer for Asiana Airlines’ 11 freighter aircraft, airport slots, employees and contracts.

The sale price is expected to be around US$219-US$364 million.