MBK Partners Special Situations Fund is expected to participate in an acquisition bid for Asiana Airlines cargo business by teaming up with a domestic low-cost carrier (LLC), according to company officials and industry watchers, Sunday.
Asiana Airlines, Korea s second-largest air carrier, failed to conclude on Monday whether to sell its cargo business, as Korean Air seeks to win antitrust approval from European Union regulators for the takeover of its smaller rival.
Korean Air will likely divest Asiana Airlines’ cargo business in a bid to obtain approval for its takeover of the latter from the European Union’s antitrust authorities, according to industry officials, Tuesday.
The pilot union of Asiana Airlines announced on Friday that it will go on strike starting July 24, unable to narrow differences with management over wage negotiations.