t'way air INC. announced a private placement of 20,000,000 common shares at KRW 500 per share for gross proceeds of KRW 10,000,000,000 on September 27, 2013. The shares will be issued by 3rd party allotment to existing investor Tway Holdings Incorporation. The transaction was approved by the board of directors of the company. Pursuant to the transaction, the investor will hold 81.02% stake in the company. Payment date for the transaction will be November 20, 2013. The company reported total assets of KRW 19,078,000,000, sales revenue of KRW 81,774,000,000, total stockholders' equity loss of KRW 16,752,000,000, and net loss of KRW 12,985,000,000 for the year ending 2012.

On November 20, 2013, t'way air INC. closed the transaction.