Air Premia Plans US$75 Million Rights Offering to Strengthen Balance Sheet

Air Premia plans to raise KRW110 billion (US$75 million) through a shareholder rights offering as the South Korean carrier works to strengthen its balance sheet and comply with government financial restructuring requirements.

The airline will issue 550 million new common shares, with August 19 set as the record date for share allocation. Subscriptions are scheduled for September 18, with payment due on September 29. The proceeds will be used to improve the company’s financial position and reinforce its operating foundation.

The capital increase forms part of Air Premia’s financial improvement plan submitted to South Korea’s Ministry of Land, Infrastructure and Transport. The carrier was ordered to improve its financial structure in September 2024 and must reduce its capital impairment ratio to below 50% by September 2026.

According to the company’s latest audit report, Air Premia had accumulated losses of KRW214.4 billion and a capital impairment ratio of 131.8% at the end of 2025. The airline plans to continue expanding its network by maintaining its North American services while launching new routes across Asia.