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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]
On 16 November 2020, the Government of the Republic of Korea announced a policy of merging Asiana Airlines with Korean Air, which would acquire a 30.77% stake in Asiana from Korea Development Bank. [33] The Korean state-run bank would invest 800 billion won (US$600 million) to Hanjin KAL, the holding company of Korean Air, to fund the merger. [33]
In November 2020, it was announced that Korean Air would merge with competitor Asiana Airlines, but was switched to only acquire a major stake after the original merger plan was blocked by the United States Department of Justice for monopoly concerns, the acquisition was completed on December 12, 2024. [11] [12]
Asiana shares closed almost 30% higher on Monday (November 16), while Korean Air was up over 12%. Korean Air Lines is taking charge at Asiana. It will invest about 1.6 billion dollars to become ...
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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 ...
Flight 7C2216, operated by the Korean budget airline Jeju Air, was carrying 181 passengers and crew when it tried to land at Muan International Airport at 9:03 a.m. local time but overran the runway.
Asiana Airlines subsidiary Asiana Airlines: AAR: OZ: ASIANA: Gimpo International Airport Incheon International Airport: 1988: Star Alliance: Merged with Korean Air in 2024 Eastar Jet: ESR: ZE: EASTARJET: Gimpo International Airport: 2009: U-FLY Alliance: Jeju Air: JJA: 7C: JEJU AIR: Jeju International Airport Incheon International Airport: 2005 ...