Korean Air (KE,
Seoul Incheon) has decided to press ahead with a plan to sell its lucrative inflight catering business to secure liquidity, Business Korea reported on June 5.
Credit Suisse, which was brought in to estimate the value of the carrier's assets, also including its SKYPASS loyalty programme and MRO division, will send letters with the relevant investment information to potential buyers within the coming week.
However, the mileage and maintenance units remain off the to-do list for now, and a plan to sell a parcel of land in Songhyeon-dong, central Seoul, has also stalled.
https://www.ch-aviation.com/portal/n...-catering-unit