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Sale of Asiana Airlines

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Win-win strategy needed to hone competiveness

Asiana Airlines is likely to find a new owner after a consortium led by construction firm HDC Hyundai Development Co. was chosen as the preferred bidder for the country's No. 2 carrier Tuesday. If it succeeds in taking over the troubled airline, HDC can diversify its business portfolio and boost the local airline industry.

In this regard, we welcome the selection of HDC as the preferred bidder. The HDC-Mirae Asset Daewoo consortium beat out two other competitors by offering the highest bid estimated at 2.5 trillion won ($2.1 billion). The strength of the consortium lies in the synergy HDC can create by combining the airline with its current businesses of........

© The Korea Times