Korean Air Increases Liquidity Cushion With Planned Share Issue

Korean Air
Korean Air staff are disinfecting aircraft after every flight.
Credit: Korean Air via Twitter
Korean Air has decided on a substantial issue of new shares as part of its efforts to raise KRW2.2 trillion ($1.8 billion) in funds to boost liquidity during the COVID-19 crisis. The airline’s board has approved the planned stock offering, which would raise an estimated KRW1 trillion. The remainder...
Adrian Schofield

Adrian is a senior air transport editor for Aviation Week, based in New Zealand. He covers commercial aviation in the Asia-Pacific region.

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