The bank overseeing the sale of the cargo arm of Asiana Airlines (OZ, Seoul Incheon) has extended the due diligence period as it scrutinises potential bidders’ financial and business development plans. Seoul-based business news sites report that UBS has allowed itself another two weeks to undertake due diligence before announcing the two preferred bidders to buy the cargo business. As a result, an announcement is now more likely to happen in June than in May, as previously flagged.

Asiana is…

Source: ch aviation
Read more: Delay in selecting preferred buyers for Asiana's cargo arm