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20-Feb-2012 12:47 PM

Jeju Air considers acquisition of 72.38% stake in T’way Airlines

Jeju Air is reportedly considering acquiringa 72.38% stake in T’way Airlines, according to reports by Maeil Business, 17-Feb-2012. As previously reported, The Korea Deposit Insurance Corporation plans to sell 72.38% of T'way Airlines shares held by Tomato Savings Bank, which was shut down in 2010. The corporation plans to take bids until 23-Feb-2012. Daemyung Group has also been mentioned as a potential investor.

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