Sep 11, 2020 SOURCE: AFP
$2.1 billion Asiana Airlines takeover collapses
A $2-billion-plus deal for a South Korean property developer to take over lossmaking Asiana Airlines collapsed Friday in the wake of the coronavirus pandemic, with state-owned banks mounting a bailout to try to save 9,000 jobs.
The global travel restrictions imposed to try to control the virus have wreaked havoc...
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