
VIG acquires Korea's Eastar Jet

Korea’s VIG Partners has acquired 100% of local low-cost airline Eastar Jet for USD 117m, citing plans to introduce new aircraft to the fleet as part of a “quick turnaround.”
The total transaction amount was confirmed by a source familiar with the situation. It includes about USD 90m that will be used to improve the troubled company’s financial structure and management system....
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