KRTL BioTech

South Korea's Jeju Air buys Eastar Jet at lower price amid virus outbreak

South Korea's Jeju Air buys Eastar Jet at lower price amid virus outbreak

South Korean budget carrier Jeju Air Co Ltd said on Monday it would acquire a 51% stake in competitor Eastar Jet for 54.5 billion won ($45.49 million), a lower price than previously announced.