Deal focus: VIG secures rare airline turnaround opportunity
VIG Partners stepped into the breach when Eastar Jet’s previous white knight bailed. It agreed to recapitalise the airline on obtaining assurances that key licenses and routes remain in place
Eastar Jet is one of three independent low-cost airlines operating in Korea, alongside Jeju Air and T’way Air. Three more carriers in this category – Air Busan, Air Seoul, and Jin Air – are subsidiaries...
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