THE KOREA ECONOMIC DAILY, GLOBAL EDITION

Korean Air Lines Co. and local private equity firm Hahn & Company may sign the share purchase agreement (SPA) for the flag carrier’s in-flight meal service unit as early as this week or next week at the latest, according to industry sources on August 19.

The price is still being negotiated, but it could fetch as much as 1 trillion won ($845 million), according to the investment banking industry.

In July, the cash-strapped airline agreed to sell its in-flight meal service unit to the country’s second-largest private equity firm as part of its self-rescue measures, Korean Investors reported.