Korean Air Premia pockets $23 million in first round of fundraising
11.05.2022 – 00:08 UTC
Air Premia (YP, Seoul Incheon) secured a 29 billion won ($22.8 million) investment through its first capital raise, two months after its board decided to pursue the lifting measure funds, he said in a statement.
This was the first round of the KRW 58 billion ($46 million) capital increase by allocation to shareholders and was held on April 29. The second of two rounds, also worth KRW 29 billion, will take place in mid-June.
The first round was 100% completed with the active participation of JC Partners shareholders; Bong-cheol Park, chairman of Hong Kong-based logistics company Cochina; institutional investors; Los Angeles-based investors; and executives and employees, Air Premia said.
The funds obtained will be used for the post-pandemic expansion of the self-proclaimed hybrid long-haul carrier, in areas such as introducing additional aircraft and strengthening operations by securing parts and opening long-haul passenger routes. couriers.
It currently operates a single B787-9, which it uses to transport cargo between Seoul Incheon and Singapore Changi, Ho Chi Minh City…