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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]
Asiana Airlines Inc. (Korean: 아시아나항공; Hanja: 아시아나航空; RR: Asiana Hanggong KRX: 020560) is a South Korean airline headquartered in Seoul. [4] The airline operates 90 international passenger routes, 14 domestic passenger routes and 27 cargo routes throughout Asia, Europe, and North America.
Kumho Asiana Group is a large South Korean Chaebol (conglomerate), with subsidiaries in the construction, electronics, IT, leisure, logistics, manufacturing, tourism and transportation sectors. The group is headquartered at the Kumho Asiana Main Tower in Sinmunno 1-ga , Jongno-gu , Seoul , South Korea . [ 1 ]
Air Seoul is a fully owned subsidiary of Asiana Airlines. [18] Its headquarters are located in the Kumho Asiana Main Tower in Seoul, and its chief executive officer is Cho Jin-man. [ 19 ] On 1 January 2018, Air Seoul inaugurated its new chief executive officer, [ 19 ] [ 20 ] formerly Ryu Kwang-hee.
This is a list of airline holding companies, that either own more than one airline or are the parent company of a single airline.. A company or firm in which the holding company owns a significant portion of voting shares, usually 20–50% or a "minority of share ownership", is known as an associate company.
Busan International Airlines Co., Ltd. was established in August 2007. [5] In February the following year, the corporate name was changed to Air Busan Co., Ltd. and an investment agreement was signed by the city of Busan and Asiana Airlines. In April 2008 the company ordered its first aircraft, five Boeing 737s.
It received a business license on 25 August 2005, which made it the third major airline in the country after Korean Air and Asiana Airlines. On 20 September 2005, it changed its Korean name to its current form. It acquired its first aircraft on 2 May 2006, and had its first commercial flight, on the Jeju-Gimpo route, on 5 June 2006.
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 ...