The airline said the decision reflects Sono International’s firm confidence in T’way Air’s mid- to long-term vision and future growth value. It added that, despite volatility in the domestic and global economic environment, the top shareholder’s full participation is intended to support shareholder value and responsible management.
T’way Air said it will focus the funds raised on securing key future growth engines. Starting in the second half of this year, it plans to add A330-900NEO aircraft to strengthen fleet competitiveness. The carrier also said it will continue expanding long-haul routes, including to Europe, North America and Australia.
The company said it will also invest in upgrading its flight safety systems and improving service quality, with the goal of building passenger infrastructure at a global level.
The capital increase is expected to help improve T’way Air’s financial structure. A T’way Air official said, “Through this capital increase, we will strengthen T’way Air’s financial stability and lay the groundwork for a bigger leap to become a global airline.”
* This article has been translated by AI.
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