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Asiana Airlines: concrete doubts about the real financial stability

One of the two CEO resigned

The co-CEO of Asiana Airlines -also president of the Kumho Industrial Group which controls the carrier- Park Sam-koo has resigned following the decision of an independent advisor to not sign the 2018 budget, due to doubts about the real liquidity in cash from the second South Korean airline. A decision that shook the title of Asiana Airlines so much that it was announced that it could soon be downgraded...

M/A - 1220309
Seoul, South Korea, 03/28/2019 13:28
AVIONEWS - World Aeronautical Press Agency

AirlinesAsiana Airlines: the economic situation of the carrier worsens

Profits decreased and net loss increased in 2018

After one of the independent auditors had not signed the Asiana Airlines 2018 budget, the same South Korean carrier revised its accounts and explained that the annual loss for the past year has increased... more

AirlinesAsiana Airlines: 2018 budget not signed by one of the auditors

It could open up scenarios of uncertainty for the carrier

The second South Korean carrier for the number of passengers carried, Asiana Airlines, explained that one of the independent auditors (Asiana Samil PwC) did not sign the 2018 financial statements due to... more

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