Korean low-cost carrier (LCC) Air Busan is planning to launch an initial public offering (IPO) in March 2015 to fund more growth. The Asiana Airlines LCC subsidiary is partly owned by the Busan Metropolitan City. Founded in 2008, it is one of the more successful carriers in Korea, with a 2013 operating profit of KRW278 billion ($5 million). The talk of an IPO comes on the back of several years of consistent growth—it carried three million passengers in its first two years of ...

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