Japan Airlines acquires stake in Hanjin Kal... "Joining as a White Knight for Cho Won-tae"

Japan Airlines acquires stake in Hanjin Kal... "Joining as a White Knight for Cho Won-tae"n.news.naver.comJapan Airlines (JAL) has acquired a stake in Hanjin Kal, the holding company of Korean Air. As Chairman Cho Won-tae's management rights face threats from the second-largest shareholder, Hoban Group, analysis is gaining traction that JAL has stepped in as a white knight by elevating its cooperative relationship with Korean Air as a strategic partner.
Japan Airlines (JAL) has acquired a stake in Hanjin Kal, the holding company of Korean Air. As Chairman Cho Won-tae's management rights face threats from the second-largest shareholder, Hoban Group, analysis is gaining traction that JAL has stepped in as a white knight by elevating its cooperative relationship with Korean Air as a strategic partner.
It seems a bit out of the blue, but it's clear they felt a sense of crisis.