Hyundai wins bid for stake in Asiana Airlines, to inject over $1.7b

Hyundai wins bid for stake in Asiana Airlines, to inject over $1.7b

Photo: Asiana Airlines's Facebook page

South Korean builder Hyundai Development Co said on Tuesday its consortium has been picked as the preferred bidder for a controlling stake in Asiana Airlines and would inject over $1.7 billion into the debt-ridden carrier.