Jeju Air Withdraws From Eastar Jet Acquisition
Credit: Nigel Howarth / Aviation Week
Jeju Air has pulled out of a deal to purchase a controlling stake in fellow South Korean LCC Eastar Jet, putting Eastar’s survival into question. Jeju Air announced via a July 23 stock market filing that it was reversing its decision to acquire a 51.17% share in Eastar for KRW54.5 billion ($45...
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