Eastar Jet acquired private equity fund operator VIG for 110 billion won
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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stockmk2020@alphabiz.co.kr | 2023-01-31 07:45:30
[Alpha Biz=(Chicago) Reporter Kim Jisun] Eastar Jet was acquired by VIG Partners, a private equity fund operator.
VIG Partners announced on the 30th that it purchased a 100% stake in Eastar Jet from ㈜ Sungjung, the largest shareholder, and invested 110 billion won through a third-party allocation paid-in capital increase. The investment was covered by the blind fund of VIG Partners, which is currently operating.
Eastar Jet, which had been in a state of complete capital erosion, will be able to resolve capital erosion and improve its financial structure through this investment.
Eastar Jet plans to establish business plans such as the introduction of new aircraft and the expansion of routes and start the re-operation process in earnest.
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