Failed Takeovers, Startup Delays Disrupt Korean Airlines

Eastar Jet widebody aircraft
Eastar Jet is likely to dramatically cut its fleet size and employee numbers as it seeks a new buyer.

The COVID-19 crisis and the resulting collapse of major takeover deals are causing serious upheaval in the South Korean airline industry, both for the full-service players and the country’s crowded low-cost carrier market. The pandemic hit during a pivotal period for the South Korean aviation sector...

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