Jin Air, Change of Major Shareholders from Hanjin KAL and One Other to Korean Air and One Other

[Asia Economy Reporter Kwon Jaehee] 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.

The company explained, "The change in the largest shareholder is due to the stock purchase agreement (off-hour block trade) between Hanjin KAL and Korean Air."

Regarding the purpose of the share acquisition, it stated, "To pursue business synergy through vertical integration between FSC and LCC."