Airline

Korean Air to reacquire catering and duty-free unit, backing refinancing of acquisition debt

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Korean Air to reacquire catering and duty-free unit, backing refinancing of acquisition debt

Korean Air has approved plans to reacquire full ownership of Korean Air C&D Service, alongside a funding support commitment linked to refinancing the subsidiary’s acquisition debt.The airline’s board approved the purchase of the remaining 80% stake in C&D Service from private equity firm...

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