Korean Air To Apply For New State Funding

Korean Air requires more than the KRW1.2 billion ($1 billion) state aid it has already received.
Credit: Nigel Howarth / Aviation Week
Korean Air has been cleared to seek additional financing from a new government assistance fund that should help the carrier stay afloat through the COVID-19 crisis. The KRW40 trillion ($33 billion) industry stabilization fund is one of the financial support programs introduced by the South Korean...

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