The second largest shareholder of t’way Air (TW, Daegu) is demanding that the carrier’s senior management resign. Daemyung Sono Group, which owns 26.77% of the airline, formally requested the resignations accusing the executives of failing to raise the capital needed to keep the airline running smoothly and maintain safety standards.

“We have received the certified letter and are reviewing specific response measures from various angles,” a t’way Air spokesperson told local news outlets.

Daemyung…

Source: ch aviation
Read more: Shareholder unrest heats up at Korea's t'way Air