Asiana, Eastar fall prey to pandemic amid growing industry overhaul fears
Sept 11, 2020
The prolonged impact of the new coronavirus on the airline industry has derailed two major deals in the aviation sector here, triggering concerns of massive layoffs and the overhaul of the country's airline industry amid worsening business conditions. On Friday, Kumho Industrial Co., which owns Asiana Airlines Inc. notified HDC Hyundai Development Co. of the termination of the deal to sell the carrier to the local property developer, due to differences over acquisition terms. The deal's ruptur