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The merger of Korean Air and Asiana Airlines was a policy announced by the Government of South Korea in November 2020, which resulted in Korean Air absorbing Asiana Airlines creating a dominant carrier in South Korea. [1] The merger was completed on December 12, 2024 following approval from fair-competition authorities globally. [2]
Korean Air, which was acquired by Hanjin Transportation in 1969, had a monopoly on the South Korean airline industry until the establishment of Asiana in 1988. [7] Asiana's formation did not come about as a policy initiative favoring liberalized market conditions, but rather because of pressure from other chaebols and interests that wanted to compete. [8]
Outside South Korea, the countries with the largest airports served by Asiana Airlines are China with 24, Japan with 9 and the United States with 10. [1] As of July 2020, Asiana Airlines operates between Incheon and 22 cities in China, and along with Korean Air is one of the two largest foreign airlines to operate in the People's Republic of ...
It’s the first big consolidation in the airline industry since the global travel slump began. Korean Air Lines is taking charge at Asiana. It will invest about 1.6 billion dollars to become the ...
Korean Air has been named Airline of the Year for 2025, beating out last year’s winner Qatar Airways, in the Australia-based aviation safety and product rating agency’s official list of the ...
Airline Image ICAO IATA Callsign Base Commenced operations Alliance Notes Air Incheon: AIH: KJ: AIR INCHEON: Incheon International Airport: 2013: None: Asiana Airlines Cargo: AAR: OZ: ASIANA: Gimpo International Airport Incheon International Airport: 1988: None: Korean Air Cargo: KAL: KE: KOREANAIR: Gimpo International Airport Incheon ...
Asiana will merge with Korean Air, the South Korean Government confirmed, in a $1.6 billion acquisition by the SkyTeam member. [73] After the US Department of Justice approved the merger in December 2024, the merger was completed and Asiana Airlines became a subsidiary of Korean Air. No date was given when the airline will depart Star Alliance ...
In 1962, government of the Republic of Korea acquired Korean National Airlines, which was founded in 1946, and changed its name to Korean Air Lines to become a state-owned airline. On 1 March 1969, the Hanjin Group acquired the state-owned airline and it is the beginning of Korean Air.