Jin Air Changes Majority Shareholder from Hanjin KAL to Korean Air

[Asia Economy Reporter Lee Gwan-ju] Jin Air announced on the 15th that its largest shareholder has changed from Hanjin KAL and one other person to Korean Air and one other person.

This change is due to the stock purchase agreement between Hanjin KAL and Korean Air. The company stated that the purpose of acquiring the shares is to "pursue business synergy through vertical integration between FSC and LCC."