News
Asiana Airlines makes early debt payments after merger with Korean Air
December 18th 2024
Asiana Airlines has paid down 1.1 trillion won (US$765 million) in debt in the last eight days. Read More » The South Korean airline’s payments to Industrial Bank of Korea, Export-Import Bank of Korea and the Industrial Stabilisation Fund covered 680 billion won in convertible bonds and 420 billion won in operating capital loans. The repayments are the first step towards substantially improving the carrier’s finances following its completed merger with its former rival on December 9. Asiana’s improved financial position has been recognised by Korea Ratings, which has upgraded the company's corporate credit rating from BBB- to BBB0. It is the first time since 2017 Asiana has received a BBB0 rating from a credit ratings agency, the airline said.
