{"id":384423,"date":"2020-11-17T11:03:12","date_gmt":"2020-11-17T05:33:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384423"},"modified":"2020-11-17T11:03:12","modified_gmt":"2020-11-17T05:33:12","slug":"korean-air-to-take-over-troubled-asiana-airlines-for-1-6-billion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/korean-air-to-take-over-troubled-asiana-airlines-for-1-6-billion\/","title":{"rendered":"Korean Air to take over troubled Asiana Airlines for $1.6 billion"},"content":{"rendered":"<p>SEOUL: South Korean flag carrier Korean Air said Monday it will buy out its smaller, troubled rival Asiana Airlines in a $1.6 billion deal as it looks to consolidate with the global aviation sector devastated by the coronavirus pandemic.<\/p>\n<p>The deal combining South Korea&#8217;s two biggest airlines comes as carriers around the world struggle with low demand, haemorrhaging cash and grounding planes to survive.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEOUL: South Korean flag carrier Korean Air said Monday it will buy out its smaller, troubled rival Asiana Airlines in a $1.6 billion deal as it looks to consolidate with the global aviation sector devastated by the coronavirus pandemic. The deal combining South Korea&#8217;s two biggest airlines comes as carriers around the world struggle with low demand, haemorrhaging cash and grounding planes to survive.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-384423","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=384423"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384423\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}