Korea's Jeju Air quits race to buy Asiana's cargo arm
The competition to buy the cargo business of Asiana Airlines (OZ, Seoul Incheon) has become a three-horse race with Jeju Air (7C, Jeju) not participating in the second round of bidding this past week. Sale adviser UBS had set an April 25 deadline for second-round bidding with Eastar Jet, Air Incheon, and Air Premia now [...]