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Hyundai Development Co

Asiana Airlines gets a breather

The news that a consortium formed between South Korea-based construction company Hyundai Development Co (HDC) and Mirae Asset Daewoo has agreed to acquire controlling stake in loss-making carrier Asiana Airlines for KRW 2.5 trillion (USD 2.2 billion) is a big relief for the carrier, according to data and analytics company, GlobalData. Aurojyoti Bose, lead analyst

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