Samsung to Repurchase Its Business Jets from Now Hanhwa’s “Techwin”

After the 2-trillion won (US$1.8 billion) deal that sent its chemical and defense subsidiaries (including Samsung Techwin) to Hanwha Group, Samsung plans to repurchase its business jets, which are currently under Techwin’s management.

Hanhwa’s acquisition of Samsung Techwin made industry watchers curious about the disposal of the Samsung Group business jets, as the defense industry company has been operating South Korea’s largest business group’s jets and helicopters.

According to sources within the industry, Hanwha is expected to resell the jets and helicopters to Samsung after the completion of the M&A procedures. The re-sale will also include Samsung Techwin’s 16.67 percent share of Samsung Venture Investment.

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