Korean Air drops bid as president-elect expresses caution on sale of KAI
Korean Air Lines said last month it aimed to be Asia's strongest aerospace company by 2020. Even by South Korean standards, the assertion seemed a little ambitious, since the company's aircraft and space division is not a fifth of the size of Mitsubishi Heavy Industries' aerospace company, and hardly compares with the sprawling Avic group in China. A month later, Korean Air's chances of standing at the peak of Asian aerospace look a good deal smaller again. To grow fast, Korean Air ...
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