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.
Transportation
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)
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