South Korean Ministry of Land, Transport and Maritime Affairs confirmed last month that the government plans to float a 15% stake in Incheon International on the Korea Exchange in 2010 as part of its plan to divest 49% of the airport. The remaining 34% will be sold to investors in 2011, the airport said. Foreign investors will be permitted to hold up to 30% of all outstanding shares and airlines will be capped at 5%.
South Korean Ministry of Land, Transport and Maritime Affairs confirmed last month that the government plans to float a 15% stake in Incheon International on the Korea Exchange in 2010 as part of its plan to divest 49% of the airport. The remaining 34% will be sold to investors in 2011, the airport said. Foreign investors will be permitted to hold up to 30% of all outstanding shares and airlines will be capped at 5%. ICN said that "several revisions will be made to the regulatory ...
"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.