About: http://data.cimple.eu/news-article/9572fd3d450253cba54e6d0966454c885fb1972888949eaa6f7970bc

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/9572fd3d450253cba54e6d0966454c885fb1972888949eaa6f7970bc Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	A $2-billion-plus deal for a South Korean property developer to take over lossmaking Asiana Airlines collapsed Friday in the wake of the coronavirus pandemic, with state-owned banks mounting a bailout to try to save 9,000 jobs. The global travel restrictions imposed to try to control the virus have wreaked havoc on the airline industry, but Asiana was in trouble even before it struck. In December, a consortium led by HDC Hyundai Development agreed to buy a controlling stake in the airline from its biggest shareholder Kumho Industrial and pump in fresh cash in a deal totalling 2.5 trillion won ($2.1 billion). But Asiana reported operating losses of 268 billion won in the first six months of this year -- with its debts soaring to 11.5 trillion won. It has cancelled most of its international flights and since April has put all its 9,000 employees on unpaid leave for 15 days a month as it tries desperately to stay airborne. HDC repeatedly sought to carry out further rounds of due diligence on the airline, in what was widely seen as an attempt to force a price cut. "Kumho Industrial has notified HDC of the deal termination," Choi Dae-hyun, vice president of Asiana's main creditor Korea Development Bank (KDB), announced Friday. KDB and another state-owned lender Export-Import Bank of Korea will inject another 2.4 trillion won into the carrier to help keep it flying, he said. They are expected to become its biggest shareholders and seek to restructure the airline before attempts are made to find a new buyer. Asiana has already received state cash injections totalling 3.3 trillion won since the beginning of last year. kjk/slb/qan
schema:headline	$2.1 billion Asiana Airlines takeover collapses
schema:mentions	Creditor Bailout South Korea Pandemic Virus Coronavirus disease 2019 Korea Development Bank Kumho Tire Export–Import Bank of the United States Asiana Airlines Aviation Hyundai Group State Security Committee of the Republic of Belarus Patria AMV
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-11 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	69 (xsd:integer)

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software