FlyerTalk Forums - View Single Post - Share trading halted [Asiana financial troubles]
Old Mar 26, 2019, 7:54 am
  #7  
Gasolin
 
Join Date: Nov 2013
Location: NYC
Programs: OZ Diamond *A Gold / Delta Gold
Posts: 775
https://www.reuters.com/article/asia...-idUSL3N21D01H

Asiana Airlines Fettered by Excessive Aircraft Leasing Costs - ??????? - BusinessKorea

This is sad, I think OZ has done a wealth of good for people who don't want to fly KE for personal reasons.
With revised numbers hiking the debt to equity ratio, and rating agencies potentially downgrading to non-investment grades, it would create an impossible situation for OZ.

Why lease that many planes though?
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