Korean Air to spend $1.6b to become top shareholder in debt-laden Asiana Airlines

Korean Air to spend $1.6b to become top shareholder in debt-laden Asiana Airlines

Photo: Reuters

Korean Air Lines Co Ltd on Monday said it will spend 1.8 trillion won ($1.62 billion) to become the largest shareholder of indebted Asiana Airlines Inc, in a deal that would create the world’s 15th biggest carrier.