Eastar eyes service return following fresh investment: report

Eastar Jet is reportedly eyeing a comeback, with several investors apparently interested in buying the grounded South Korean low-cost carrier. The company has received interest from “six or seven” potential investors, following the bankruptcy court’s permission to undergo a corporate rehabilitation process, the Yonhap news agency cites CE Kim You-snag as saying. The potential investors will make offers in March and a new owner for the privately-owned carrier will be selected. Subsequent to finding a new owner, the carrier will apply for a new air operator certificate with the hope of restarting flights in June. Kim did not name the new investors.<br/>
FlightGlobal
https://www.flightglobal.com/strategy/eastar-eyes-service-return-following-fresh-investment-report/142505.article
2/19/21