Air Premia Approves $66mn Shareholder Rights Offering to Eliminate Capital Impairment

Air Premia approved a shareholder rights offering on 8 July 2026 to raise over $66 million (KRW 100 billion), with majority shareholder Tire Bank committing the full amount to eliminate capital impairment and comply with a 2024 MOLIT directive requiring the capital impairment ratio to fall below 50% by September 2026 [1][19]. The injection follows a capital reduction completed in April and aims to restore financial stability while supporting widebody fleet expansion and new medium- to long-haul routes [1]. Final issue price and total shares remain undisclosed, with details expected later this month [1]. The move addresses an impairment ratio that reached 81.4% in 2024, triggering regulatory risk of license revocation if unresolved within two years [19].