Asiana Airlines will invest KRW23 billion ($24.3 million) in startup Busan International Air and become the managing shareholder of the new carrier with a 46% stake, it announced yesterday. Now capitalized to the tune of KRW50 billion, BIA will "focus on offering customers low fares but with the quality service and safety assurance that is synonymous with Asiana Airlines," the latter said. An Asiana "taskforce" will begin working on launching service. No further details were released.
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