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Asiana Airlines to buy 3 Korea Express units

Asiana Airlines Inc. said Friday that it will buy three Korea Express Co. units ― Aas Airport Service, Asiana Airport Development Co. and Kumho Terminal Co.

In its regulatory filing, the nation’s second-largest air carrier said it will purchase Kumho Terminal for 255.5 billion won ($235.3 million), Asiana Airport Development for 67.7 billion won and Aas Airport Service for 38.3 billion won.

With the agreement, the three units will return to Gumho Asiana Group, the parent group of Asiana Airlines.

Market watchers said the sale is expected to rev up creditors’ efforts to auction off Korea Express.

(shinyb@heraldcorp.com)
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