Aekyung Group, the largest shareholder of the low-cost airline, has selected Woori Investment and Securities Co. as the preferred bidder to manage its stock listing scheduled for March next year, the sources said.
Aekyung has a 81.7 percent stake in the budget carrier based in Jeju City on the southern resort island of Jeju, while the Jeju provincial government takes a 4.54 percent stake.