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HDC's acquisition of Asiana falls through amid pandemic

Negotiations for sale of South Korean carrier could start again next year

Asiana's prospective buyer balked at buying a debt-laden airline in the current travel environment even after being offered some concessions. (Courtesy of company)

SEOUL -- Negotiations for the acquisition of South Korea's Asiana Airlines by construction company HDC Hyundai Development have broken down due to reduced travel amid the coronavirus pandemic, a source familiar with the deal said on Friday.

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