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Korean Air to buy Asiana Airlines for USD 1.6 billion

Korean Air to buy Asiana Airlines for USD 1.6 billion

South Korean flag carrier Korean Air said today it will buy out its smaller troubled rival Asiana Airlines in a USD 1.6 billion deal as it looks to consolidate with the coronavirus pandemic sending shockwaves through the global aviation sector. Worldwide travel restrictions imposed to prevent the disease from spreading have wreaked havoc on the […]

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