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Korean Air Lines Co. ) Parent company Hanjin Group stated,Is planning to acquire its rival Asiana Airlines Inc. ) 。As the two largest airlines in South Korea,This news suddenly attracted a lot of attention。
If the merge is successful,These two fledgling airlines 188bet best bookmaker become one of the top ten airlines in the world。
It is reported,Hanjin Group has been negotiating with Korea Development Bank, Asiana Airlines’ main creditor,188bet best bookmaker submit a letter of intent to the bank as early as next week。
Affected by this message,Asiana Airlines stock price closed at 4 last Friday,290 won,Up 7.8%;Korean Airlines fell 2.6%,Close at 23,950 won。Asiana Airlines (Asiana) is still in deep financial difficulties,The sale plan failed last year,Negotiating party HDC Hyundai Development Co. ) exited the transaction。
And this latest deal still faces multiple obstacles,Including painful layoffs、Rising acquisition costs,And concerns about the formation of a monopoly in the Korean aviation industry。
Industry observers said,The merger of South Korea’s two major airlines 188bet best bookmaker inevitably lead to large-scale layoffs,Stir up employee opposition to the deal。
As of June this year,Korean Air has 18,681 employees,Asiana Airlines has 9,079 employees。The two companies operate 173 and 86 aircraft respectively,As of the end of the first half of the year,Total assets reached 40 trillion won (36 billion US dollars) 。
Source says,If the transaction goes as planned,The government 188bet best bookmaker let Korean Air focus on long-haul routes from South Korea to the Americas and Europe,The smaller Asiana Airlines operates shorter routes to Asia。To do this,Asiana Airlines’ current 100 long-haul routes need to be reshuffled。
Route reorganization may result in fewer pilots and flight attendants。Asiana Airlines’ creditors considered 10% layoffs at the airline ahead of sale。
*Source of this 188bet best bookmaker: Qianzhan.com,Original title: "Many difficulties!South Korea’s top two airlines may merge to become one of the world’s top ten airlines》.
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