Air Premia announced on July 28 that it will pursue a capital increase of 1.1 trillion won.
The company explained that this capital increase is aimed at improving its financial structure and ensuring sustainable growth amid ongoing uncertainties in the aviation industry, including high exchange rates and volatile oil prices.
The capital increase will be conducted through a rights offering for existing shareholders, issuing a total of 550 million common shares to raise approximately 1.1 trillion won. The record date for the new share allocation is August 19, with subscriptions set for September 18 and payment due on September 29.
The funds raised will be used to enhance the company's financial structure and strengthen its business foundation. This is part of a plan to stabilize its financial base and secure long-term growth momentum.
Notably, this capital increase is being pursued as part of a financial restructuring plan submitted to the Ministry of Land, Infrastructure and Transport. The company aims to establish a stable management foundation and ensure sustainable growth through capital expansion.
Air Premia is currently maintaining stable operations based on its competitive long-haul routes primarily to North America and is preparing to launch new routes in Asia during the upcoming winter flight season.
With this capital increase, the company plans to further enhance its business competitiveness and smoothly implement growth strategies, including the launch of new routes.
Park Kwang-eun, head of Air Premia's management division, stated, "This capital increase is a process to establish a foundation for improving our financial structure and ensuring sustainable growth. We will continuously enhance our business competitiveness to meet the trust of our customers and the market."
* This article has been translated by AI.
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