New structure for Koran Air

Victoria
By Victoria March 25, 2013 14:18

New structure for Koran Air

By August this year Korean Air will be restructured into two entities: Hanjin KAL Holdings, which will be responsible for investment business management, and Korean Air, which will manage the overall airline business operations.
With this restructuring, the company hopes to increase its asset value and improve its transparency, whilst at the same time the creation of a systematic management system will serve to boost business efficiency and stability for the company.

Existing shareholders of Korean Air will receive their shares of the new holding company in proportion to their current stocks.

Tai Soo Suk, incumbent President and COO of Hanjin Transportation Co., Ltd, is appointed as the President and COO of Hanjin KAL Holdings.

Victoria
By Victoria March 25, 2013 14:18
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fairline%2Fnew-structure-for-koran-air%2F"> registered </a> users can comment.