SEOUL -- Shares of Asiana Airlines rose sharply on Friday on expectations that the South Korean government will sell the troubled full-service carrier to its larger rival in a deal that would inject taxpayer money into both airlines.
State-run lender Korea Development Bank said on Thursday evening that Asiana could be sold to Hanjin KAL, the holding company of Korean Air. Asiana's shares soared 25.6% to 5,000 won as the market opened on Friday, before falling back to close the day up by 7.8%.
