Share trading halted [Asiana financial troubles]
Jun 17, 2019, 6:43 am
#91
Join Date: Nov 2013
Location: NYC
Programs: OZ Diamond *A Gold / Delta Gold
Posts: 775
Hi,
I was planning to fly FRA - ICN with Asiana end of September 2019. However hearing about financial difficulties makes me wonder whether it is still advisable/safe to book tickets with Asiana. I haven't booked yet and Korean Air would be another option, but they are SkyTeam not Star Alliance.
Any advice would be appreciated!
I was planning to fly FRA - ICN with Asiana end of September 2019. However hearing about financial difficulties makes me wonder whether it is still advisable/safe to book tickets with Asiana. I haven't booked yet and Korean Air would be another option, but they are SkyTeam not Star Alliance.
Any advice would be appreciated!
Jun 19, 2019, 7:57 pm
#93
Join Date: Jan 2017
Programs: ALL Gold, MPC Silver
Posts: 175
The current government might as well just resign en mass if Asiana goes under, letting them go bankrupt under the current political climate would be shooting oneself in the foot and then in the head with a large caliber automatic weapon.
So yes, there's nothing to worry about at least until we know who the new owners are going to be.
So yes, there's nothing to worry about at least until we know who the new owners are going to be.
Jun 20, 2019, 1:27 am
#94
Join Date: Sep 2013
Location: DXB / KUO
Programs: AY, SQ, EK
Posts: 858
Jun 20, 2019, 4:15 pm
#95
Join Date: Jan 2015
Location: ATL
Programs: Skypass, IHG
Posts: 161
Jun 20, 2019, 7:27 pm
#96
Join Date: Nov 2013
Location: NYC
Programs: OZ Diamond *A Gold / Delta Gold
Posts: 775
That capital injection effectively allows the creditors took control of the airlines with the intention to sell it within a year, while keeping it afloat. KE is still the only one in the news buying Asiana. It would be better if another buyer would take over Asiana instead of KE. Maybe Lotte, Samsung, LG, etc?
Jun 21, 2019, 10:01 pm
#98
Join Date: Feb 2011
Location: Somewhere in Y class
Programs: OZ D+ Lifetime
Posts: 1,181
Jun 22, 2019, 8:53 am
#101
Join Date: Nov 2013
Location: NYC
Programs: OZ Diamond *A Gold / Delta Gold
Posts: 775
I remember that but I am not convinced by it. I wouldn't want one carrier to have the monopoly over there. Well, we will see.
To further add a note, on this Korean site below:
https://www.sedaily.com/NewsVIew/1VKHPLR5Y1
They say all SK, Hanwha, Lotte officially said they were not looking to buy. KE mentioned they were observing but did not really comment on whether they intend to get into the race. Only one group has expressed interest, Aekyung group, and all the private equity firms and financial institutions are courting them. They seem to own Jeju Air. But they don't have enough cash so it could be highly leveraged.
They say that but this other link says Aekyung denied interest, though not as strongly as the other companies. July will be interesting.
http://ilyo.co.kr/?ac=article_view&entry_id=337935
To further add a note, on this Korean site below:
https://www.sedaily.com/NewsVIew/1VKHPLR5Y1
They say all SK, Hanwha, Lotte officially said they were not looking to buy. KE mentioned they were observing but did not really comment on whether they intend to get into the race. Only one group has expressed interest, Aekyung group, and all the private equity firms and financial institutions are courting them. They seem to own Jeju Air. But they don't have enough cash so it could be highly leveraged.
They say that but this other link says Aekyung denied interest, though not as strongly as the other companies. July will be interesting.
http://ilyo.co.kr/?ac=article_view&entry_id=337935
Last edited by Gasolin; Jun 22, 2019 at 9:05 am
Jun 26, 2019, 8:28 am
#102
Join Date: Jun 2014
Location: Seoul, Korea
Programs: Asiana Diamond, Marriott Plat/Gold
Posts: 171
So yeah, there hasn't really been anyone stepping up with real interest. I think most companies are keeping their cards close and will probably wait for numbers to come out post route cuts.
Jun 27, 2019, 4:15 am
#103
Join Date: Nov 2012
Location: KUL (MY), ICN (KR), ZRH (CH) or OTP (RO) - or somewhere in between
Programs: OZ, JL
Posts: 241
Jul 30, 2019, 10:35 am
#104
Join Date: Dec 2007
Location: POZ
Programs: LH*S (FTL), OZ*G, Accor gold, HH Diamond
Posts: 270
Jul 31, 2019, 7:17 pm
#105
Join Date: Jan 2017
Location: PHX, ICN
Programs: OZ Diamond Plus, Marriott Gold
Posts: 502
I remember that but I am not convinced by it. I wouldn't want one carrier to have the monopoly over there. Well, we will see.
To further add a note, on this Korean site below:
https://www.sedaily.com/NewsVIew/1VKHPLR5Y1
They say all SK, Hanwha, Lotte officially said they were not looking to buy. KE mentioned they were observing but did not really comment on whether they intend to get into the race. Only one group has expressed interest, Aekyung group, and all the private equity firms and financial institutions are courting them. They seem to own Jeju Air. But they don't have enough cash so it could be highly leveraged.
They say that but this other link says Aekyung denied interest, though not as strongly as the other companies. July will be interesting.
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To further add a note, on this Korean site below:
https://www.sedaily.com/NewsVIew/1VKHPLR5Y1
They say all SK, Hanwha, Lotte officially said they were not looking to buy. KE mentioned they were observing but did not really comment on whether they intend to get into the race. Only one group has expressed interest, Aekyung group, and all the private equity firms and financial institutions are courting them. They seem to own Jeju Air. But they don't have enough cash so it could be highly leveraged.
They say that but this other link says Aekyung denied interest, though not as strongly as the other companies. July will be interesting.
???? ?? ???? ???? ????? ???? ????? ??? ?? | ????