The takeover battle for Asiana Airlines’ cargo business has taken a new direction now sale handler UBS has begun inviting formal bids.
South Korean low-cost carrier Aero K, a subsidiary of chemical manufacturing conglomerate Daemyung Chemical, announced yesterday that it would bid for Asiana’s cargo unit.
Aero K (Korea backwards), began operations in 2021 and has only intra-Asia passenger services, using six Airbus craft. The airline, whose base is Cheongju International Airport …
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