Incheon buys 10% stake in Russia's Khabarovsk airport

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Seoul Incheon International airport has acquired a 10% stake in Khabarovsk airport in eastern Russia.

The South Korean airport bought 75,028 shares and will be a shareholder in the airport for a term of five years, said Khabarovsk airport, which did not disclose how much Incheon paid. The deal was signed on 4 July in Moscow, it added.

Incheon will assist in developing Khabarovsk as a regional air hub, said the Russian airport.

Khabarovsk serves mostly domestic destinations but offers links to Seoul, Beijing, Tokyo, Harbin and Alaska, schedules in Innovata show. Asiana Airlines operates thrice weekly between Seoul and Khabarovsk.