SEOUL -- To improve profitability ahead of its planned sale to a domestic buyer, South Korea's debt-stricken second flag carrier, Asiana Airlines, will suspend flights to three unpopular places in Russia and India in July and modify all first-class seats two months later.
Asiana said it would close its the nonprofitable routes from its home base in Incheon to Khabarovsk and Sakhalin in Russia and Delhi in India starting July 8 and transform first-class seats used by six A380s on long-haul routes into cheaper ones on September 1. The airline has already modified first-class seats at most of its 85 planes.
The airline was put up for sale together with two low-cost carriers after creditors pledged some 1.6 trillion won to expand Asiana's capital and ease liquidity woes. Asiana swung to a net loss of 10.4 billion won last year from a net profit of 248 billion won a year ago. Asiana's debt exceeds three trillion won.
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