Asiana flags asset sales and route, fleet cuts

FlightGlobal | April 01, 2019

Asiana flags asset sales and route, fleet cuts
South Korean carrier Asiana Airlines has flagged that it may sell assets, cut routes and some aircraft from its fleet as it looks to overcome financial difficulties. Newly promoted co-chief executive Han Chang-soo says in a letter to the airline’s employees that a task force has been established to oversee the company’s restructuring efforts.Asset sales will help to boost its short-term liquidity, and help support its credit rating. Han stressed that the rating has not been lowered, but placed on watch by key lenders.

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First Officer Fiona in command of the Aer Lingus Airbus A330 departing San Francisco for Dublin.

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Spotlight

First Officer Fiona in command of the Aer Lingus Airbus A330 departing San Francisco for Dublin.