ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more