"Focusing on T'way Operations"... DaeMyung Sono Sells Entire Air Premia Stake

Signed Sale Agreement with Tire Bank at KRW 1,900 Per Share
"Building a Stable Operating Structure Centered on T'way Air"

DaeMyung Sono Group's Sono International announced on May 2 that it will sell its entire stake in Air Premia, held jointly with JC Partners through JC Aviation No.1 Limited Company, to Tire Bank.

Air Premia aircraft.

The share sale price under this agreement is KRW 1,900 per share. The transaction will be conducted by selling all of Air Premia shares held by JC SPC. Although Sono International and JC Partners each hold call and put option rights, both parties have agreed to defer the exercise of these options and proceed with the sale. The final closing date for the transaction is the end of September 2025.

Through this deal, Sono International aims to reorganize its aviation business portfolio. Sono International had shown particular interest in Air Premia, which, apart from major airlines, is the only domestic carrier operating routes to North America. However, with T'way Air set to launch a new route to Vancouver in July and the potential for further expansion into North American routes, Sono International decided to sell its stake in Air Premia. Currently, T'way Air has established a stable global network covering domestic, Asian, and major European destinations such as Paris and Rome.

In February 2025, Sono International acquired management control of T'way Air. The company signed a share purchase agreement (SPA) to acquire all 52.34 million shares (a 46.26% stake) in T'way Holdings owned by Chairman Na Chunho of Yerimdang and others for KRW 250 billion. By combining the 28.02% stake in T'way Air held by T'way Holdings with its existing 26.77% stake, Sono International increased its ownership in T'way Air to 54.79% and secured management control.

Sono International plans to pursue a variety of synergy strategies by linking its domestic and international hotel and resort infrastructure. A Sono International representative stated, "The sale of our Air Premia stake is a strategic decision. We plan to establish a more systematic and stable operational structure centered on T'way Air," adding, "We will pursue sustainable and sound growth amid the rapidly changing aviation market environment."

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