Daemyung Sono Injects Additional $80 Million Into T'way Air as Turnaround Effort Intensifies

South Korea’s Daemyung Sono Group has committed an additional KRW 110 billion (approximately US$80 million) to T’way Air, reinforcing its efforts to stabilize the low-cost carrier following its recent acquisition of management control.

The investment will be made through the purchase of perpetual securities, strengthening T’way Air’s balance sheet while improving liquidity and reducing leverage. The move follows more than KRW 400 billion already invested by Daemyung Sono to acquire stakes in both T’way Air and its holding company.

Alongside the capital injection, T’way Air plans a 5-for-1 reverse stock split to raise its share price and reduce the risk of falling below South Korea’s new delisting threshold for low-priced stocks. The airline’s shares have recently traded below KRW 1,000, placing it at risk under upcoming exchange regulations.

Industry observers view the latest funding as evidence that Daemyung Sono intends to develop T’way Air into a long-term aviation platform rather than a financial investment. Maintaining the airline’s public listing is considered critical to supporting future fundraising, fleet growth, route expansion, and broader integration with the group’s hospitality and travel businesses.

Despite ongoing challenges from currency volatility, fuel costs, and long-haul route development, the fresh capital provides T’way Air with additional time and financial flexibility as it works toward a sustained recovery.