This article was displayed on the MoneyMove (MM) site of ChosunBiz at 2:19 p.m. on Jun. 11, 2026.
WINIX is seeking investors for a third-party paid-in capital increase for Parata Air, its wholly owned low-cost carrier (LCC). WINIX is pushing a plan to bring in a new largest shareholder for Parata Air through this paid-in capital increase.
According to the investment banking (IB) industry on the 11th, WINIX has recently been contacting a pool of potential investor candidates for Parata Air's third-party paid-in capital increase. It is understood that no separate advisor has been appointed.
Parata Air is an LCC whose predecessor was Fly Gangwon. WINIX, known for home appliances, acquired it in 2024 and has since pushed for normalization. About 115 billion won has been injected so far.
The paid-in capital increase is said to be driven by the judgment that WINIX can no longer easily inject additional funds into Parata Air. Because aircraft require heavy fixed costs for introduction and maintenance, staffing, and fuel, a large capital infusion is inevitable in the early normalization phase.
Parata Air has continued to post losses even after resuming operations, increasing pressure on operating funds. Last year's operating loss was 67.1 billion won, 4.5 times the previous year's operating loss (14.8 billion won).
WINIX earlier reviewed raising funds through the issuance of convertible bonds (CB), but the process reportedly did not proceed smoothly. As a result, it has taken a bold step with a third-party paid-in capital increase premised on replacing the largest shareholder.
If the transaction is concluded, the paid-in capital proceeds are expected to flow into Parata Air. A significant portion of the funds is likely to be used to repay lending that WINIX extended to Parata Air. The lending provided by WINIX to Parata Air is known to be in the mid-40 billion won range.
An IB industry official said, "It is realistically difficult for WINIX to recover the entire investment it has already injected," adding, "For now, recovering even the lending appears to be the primary goal of this paid-in capital increase."
However, a Parata Air official said, "We are not considering a paid-in capital increase, and we are continuously pursuing aircraft introductions and the launch of new routes to secure profitability."