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Hyundai Glovis invests in Air Incheon fund for Asiana Cargo deal

Korean Air to sell Asiana Cargo in 2025

Jeff Lee by Jeff Lee
August 14, 2024
in Carriers
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Hyundai Glovis, the logistics subsidiary of South Korea-based Hyundai Motor Group, will invest approximately $110 million in the private equity fund behind Air Incheon ahead of the South Korean carrier’s acquisition of Asiana Airlines’ freighter business. Hyundai Glovis plans to invest about $37 million for a 34.9% stake in Socius Private Equity Fund No. 5 […]

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