Air Premia plans US$75 million rights offering to reinforce balance sheet

Air Premia will raise 110 billion won through a shareholder rights offering, issuing 550 million common shares to existing investors to reinforce its balance sheet and fund expansion. The plan follows a financial restructuring submission to the Ministry of Land, Infrastructure and Transport and comes as the carrier faces dollar strength and fuel-price volatility. Key dates are 19 August for the record date, 18 September for subscription and 29 September for payment. Proceeds will support financial-structure repair and business-base strengthening, with new Asia routes slated for the second half as the airline pushes to stabilise operations and restore capital discipline.