Manufacturing Industry
Korean Air looks at Chinese airline stake
Airline Industry Information, Oct 18, 2005
AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD
Korean Air is looking at a 25% stake in Okay Airways, an airline based in Beijing, China.
Okay Airways is one of China's three private airlines, all of which are looking for potential investors. According to the Caijing magazine, a Korean financial institution that was not named was also interested in a 24% stake in the airline.
No financial details have been provided.
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COPYRIGHT 2005 M2 Communications Ltd.
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