Korean Air goes ahead with sale of lucrative catering unit
 

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

I'm curious to see who will buy it and how quality will change......or if they will have major issues like Asiana did during the switch. But that's a long time from now!

Not so quick... They are obviously preparing valuation and a potential sell... But it's not the case yet.

Analysts are now predicting operational profits in Q2 for both KE and OZ. This is thanks to cargo prices soaring and very low oil prices.

For comparaison... KE was at a loss at Q2 last year. So this tells something.