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South Korea's airline M&A left adrift by the pandemic

Asiana deal in danger as Jeju Air cancels Eastar Jet purchase

Asiana logged a 292 billion won operating loss in the first quarter of 2020 as the coronavirus hit air travel hard. (Photo by Rie Ishii) 

SEOUL -- The coronavirus pandemic has already derailed one major acquisition in South Korea's airline industry, now a second hangs in the balance.

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