T'way

 

[Alpha Biz= Reporter Kim Jisun] On the 5th, T'way Air experienced a significant issue when Flight TW903, scheduled to depart from Gwangju Airport to Jeju Airport at 12:05 PM, was unable to take off due to a technical defect. The airline delayed the departure by about three hours for an urgent safety inspection.

In the midst of these operational difficulties, Daemyung Sono Group has begun making moves to secure control of T'way Air. On the 1st, Daemyung Sono Season acquired a 10% stake in T'way Air from the existing major shareholder, W Value Up, amounting to 70.86 billion won (3,290 won per share).

It appears that Daemyung Sono Group's affiliates or designated individuals have also acquired the remaining 1.87% stake from W Value Up. With this, Daemyung Sono now holds a 26.77% share in T'way Air, becoming the second-largest shareholder in the airline.

The largest shareholder, Yerimdang Group, holds a 29.74% stake, creating a narrow gap of just 2.97%. To date, Daemyung Sono has invested approximately 189.7 billion won in acquiring T'way Air shares.

Despite Daemyung Sono's public stance of not seeking management control, industry insiders speculate that this move may be a preliminary step toward a more substantial entry into the aviation industry. Daemyung Sono Group's second-generation leader, Chairman Seo Jun-hyeok, has long been interested in entering the aviation sector. Previously, in 2011, he engaged in acquisition talks for T'way Air, but the negotiations ultimately fell through, and Yerimdang acquired an 82.8% stake in the airline the following year. Since then, Daemyung Sono has continued to explore opportunities in the low-cost airline market.

 

 

 

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