Hyundai wants to renegotiate Asiana Airlines acquisition


SEOUL: South Korea’s Hyundai Development Co said yesterday it wants new terms for its acquisition of Asiana Airlines after debt at the debt-ridden carrier increased by some US$3.8bil.

The builder also called for state-funded creditors of Asiana to provide support for the loss-making airline, which is grappling with how the coronavirus outbreak crippled travel demand around the world.

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