Creditors to target sale of Asiana Airlines, budget arms in 6 months-KDB

Asiana Airlines' creditors are working on a financial support plan for the debt-laden carrier that would target a sale of the airline and its 2 budget affiliates over the next 6 months, its main creditor said. Lee Dong-gull, chairman of Korea Development Bank (KDB), said Tuesday that the creditors plan to a come up with a financial plan for the carrier by April 25, with a goal to sign a preliminary deal in late April or early May. Shares of Asiana jumped by as much as nearly 30% to a 4-year high Tuesday, extending their recent rally. Its top shareholder, Kumho Industrial, said Monday that it plans to sell its entire 33.5% stake to receive creditor support. KDB's Lee said creditors plan to provide "enough support" to stabilise Asiana management and regain market trust, without disclosing details. <br/>