t'way Air (TW, Daegu) has approved the issuance of KRW110 billion Korean won (USD71.4 million) in subordinated perpetual securities to majority shareholder Sono International through a private placement. The securities will carry a 6% coupon and mature on June 30, 2056. t'way Air said the proceeds will be used as working capital.

Separately, the airline will seek shareholder approval on July 24, 2026, for a 5:1 reverse stock split to optimise the number of circulating shares. If approved, the par value of each share will increase to KRW500 (USD0.3) from KRW100 (USD0.07) and the number of issued common shares will fall to 82.6 million from 413 million.