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FILE PHOTO: A Boeing 747-400 taxi from Asiana Airlines at San Francisco International Airport, San Francisco, CA, February 7, 2015. REUTERS / Louis Nastro
SEOUL (Reuters) – The creditors of Asiana Airlines are expecting a plan to provide financial support to the South Korean debt company by April 25 to solve its liquidity problems, the company said on Tuesday. chairman of its main creditor, the Korea Development Bank,.
KDB chairman Lee Dong-gull also said at a press conference that creditors were considering signing a preliminary agreement on support measures at the end of April or early of May.
Kumho Industrial, the largest shareholder of Asiana, announced on Monday that it was planning to sell all of its 33.5% stake, worth 500 billion won (440 million yuan). , $ 08 million) at the closing price, while the cash-strapped airline is seeking support from its creditors.
Lee said that it was "desirable" that Asiana also sells its units, which include two budget-limited carriers, Air Busan and Air Seoul.
Reportage of Hyunjoo Jin; Edited by Muralikumar Anantharaman
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