Daemyung Sono acquires stake in Tway Air from... > 경제기사 | economics

South Korea’s largest hotel and resort operator Daemyung Sono Group expanded its footprint in the aviation industry by acquiring T’way Air. With its latest deal, the company strengthened its position even further following its earlier acquisition of Air Premia.

Daemyung Sono Group announced on Wednesday that it signed a share purchase agreement SPA to acquire a 46.26 percent stake in T’way Holdings from Yerimdang and related parties for 250 billion won $174 million.


T’way Holdings is the largest shareholder of T’way Air, holding a 28.02 percent stake. The low-cost carrier operates under an ownership structure where Yerimdang holds a controlling stake in T’way Holdings, which in turn owns T’way Air. With this latest acquisition, Daemyung Sono Group, which already invested 176 billion won in 2024 to secure a 26.77 percent stake in the airline, now has a 54.79 percent stake.

The acquisition is expected to reshape the domestic LCC market, introducing significant changes to the industry landscape. Daemyung Sono Group has previously hinted at a potential merger between T’way Air and Air Premia, which primarily operates long-haul routes to North America, raising speculation about the emergence of a new full-service carrier that could potentially rival Asiana Airlines.

A Daemyung Sono Group spokesperson said, “We aim to elevate T’way Air beyond the traditional LCC model, offering premium services and fleet operations comparable to major carriers. Our goal is to provide customers with a more competitive and rational choice in air travel.” The group also plans to rebrand T’way Air under its “SONO” identity.

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