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 taking part. All three are either owned or backed by private equity interests.

Asiana agreed to sell its profitable cargo business, which includes eleven freighters, slots, air rights,…

Source: ch aviation
Read more: Korea's Jeju Air quits race to buy Asiana's cargo arm