JEJU AIR TO BE FINANCIALLY SUPPORTED BY STATE LENDERS

Highlights –

• South Korean local commercial lenders will help Jeju Air in the acquisition process of Eastar Jet
• A loan amount of $164 billion to facilitate Jeju Air
• Jeju Air will purchase 51.17 percent of stake in Eastar Jet

According to sources from the financial industry on Sunday, Korea Development Bank (KDB) and Export-Import Bank of Korea (EXIM Bank) will each....