Korean Air Divesting Stakes To Improve Its Finances

Chen Chuanren February 06, 2020
aircraft
Most of Korean Air’s 144 passenger aircraft have been grounded.
Credit: Rob Finlayson
Korean Air (KAL) is taking steps to improve its financial position, which include selling an idle property and a development company. The South Korea flag carrier is selling prime land at Songhyeon-dong in downtown Seoul, which has been idle since 2009 when KAL bought the land from Samsung Life...
Chen Chuanren

Chen Chuanren is the Southeast Asia and China Editor for the Aviation Week Network’s (AWN) Air Transport World (ATW) and the Asia-Pacific Defense Correspondent for AWN, joining the team in 2017.

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