Daemyung Sono acquires stake in T’way Air from Yerimdang
South Korea’s largest hotel and resort operator Daemyung Sono Group expanded its footprint in the aviation industry by acquiring T’way Air. With its latest deal, the company strengthened its position even further following its earlier acquisition of Air Premia. Daemyung Sono Group announced on Wednesday that it signed a share purchase agreement (SPA) to acquire a 46.26% stake in T’way Holdings from Yerimdang and related parties for 250b won ($174m). T’way Holdings is the largest shareholder of T’way Air, holding a 28.02% stake. The low-cost carrier operates under an ownership structure where Yerimdang holds a controlling stake in T’way Holdings, which in turn owns T’way Air. With this latest acquisition, Daemyung Sono Group, which already invested 176b won in 2024 to secure a 26.77% stake in the airline, now has a 54.79% stake.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2025-02-27/unaligned/daemyung-sono-acquires-stake-in-t2019way-air-from-yerimdang
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Daemyung Sono acquires stake in T’way Air from Yerimdang
South Korea’s largest hotel and resort operator Daemyung Sono Group expanded its footprint in the aviation industry by acquiring T’way Air. With its latest deal, the company strengthened its position even further following its earlier acquisition of Air Premia. Daemyung Sono Group announced on Wednesday that it signed a share purchase agreement (SPA) to acquire a 46.26% stake in T’way Holdings from Yerimdang and related parties for 250b won ($174m). T’way Holdings is the largest shareholder of T’way Air, holding a 28.02% stake. The low-cost carrier operates under an ownership structure where Yerimdang holds a controlling stake in T’way Holdings, which in turn owns T’way Air. With this latest acquisition, Daemyung Sono Group, which already invested 176b won in 2024 to secure a 26.77% stake in the airline, now has a 54.79% stake.<br/>
