Creditors' plan to sell debt-laden Asiana Airlines to its bigger rival Korean Air faces a bumpy road as a local equity fund has filed an injunction against the plan, according to a report by Yonhap News. On 17 November, Asiana's main creditor, state-run Korea Development Bank (KDB), signed an investment agreement with Korean Air's parent holdings company Hanjin KAL to inject 800 billion won (US$723 million) into Hanjin KAL through a rights offering and convertible bonds. Hanjin KAL will then … [Read more...] about Nutty business: Korean Air’s Asiana buyout plan to face injunction