Air Incheon 'preferred' Asiana cargo bidder
Air Incheon was selected as the preferred bidder based on several key criteria: The certainty of completing the transaction, the ability to maintain and enhance long-term competitiveness of the air cargo business and the capability to mobilise funds through a competent consortium.
Founded in 2012, Air Incheon is Korea’s only all-cargo airline, with operations focused in Asia. Air Incheon is expected to strengthen its competitiveness by utilising Asiana Airlines’ long-haul network to the Americas and Europe, and fleet of larger cargo aircraft.
Korean Air plans to sign a framework agreement with Air Incheon in July after agreeing on the contract conditions.
The agreement is subject to review by the European Commission.