Asiana Airlines shares surge on potential deal with parent firm of rival Korean Air

For Asiana, which employs some 9,000 people and was restructuring heavily even before debt ballooned due to the coronavirus pandemic, a deal would provide a lifeline.

SEOUL: Shares in Asiana Airlines Inc soared on Friday on prospects that the debt-ridden pandemic-hit carrier may end up sharing a home with rival Korean Air Lines Co Ltd.

Asiana's main creditor, the Korea Development Bank (KDB), said a deal with conglomerate Hanjin Group which owns South Korea's biggest airline was one option it was considering.