Nov 16, 2020 SOURCE: AFP
Korean Air to take over troubled Asiana Airlines for $1.6 bn
South Korean flag-carrier Korean Air said Monday it will buy out its smaller troubled rival Asiana Airlines in a $1.6 billion deal as it looks to consolidate with the coronavirus pandemic sending shockwaves through the global aviation sector.
Worldwide travel restrictions imposed to prevent the disease from spreading have wreaked...
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