Asiana Airlines to sell stake in Korea Express
Asiana Airlines and Korea Development Bank announced plans to sell a combined 37.6% stake in Korea Express Co, according to a report by Dow Jones. The companies have sent letters to 10 parties, with a 04-Mar-2011 deadline for EoIs. They aim to select a preferred bidder by May-2011.
Airlines in India saw weaker share performance, with Kingfisher down 4.1% and SpiceJet and Jet Airways dropping 2.3%. The Indian DCGA reported that Jet Airways was the largest carrier by market share in India in 2010, followed by Kingfisher, IndiGo and then state-owned Air India.
Selected APAD daily share price movements (% change): 21-Feb-2011