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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]
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 ...
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 ...
Shares in Asiana Airlines Inc <020560.KS> soared on Friday on prospects that the owner of larger rival Korean Air Lines Co Ltd <003490.KS> could buy a hefty stake in the debt-laden, pandemic-hit ...
It was the first fatal flight for Jeju Air, a low-cost airline founded in 2005 that ranks behind Korean Air Lines and Asiana Airlines as the country's third largest carrier by passenger numbers.
Air Seoul is the first Korean airline to produce an in-flight safety video based on 3D animation created using LICO's character "Hwang-goo". [12] On 7 October 2019, Air Seoul launcheed an in-flight entertainment service named "Cinema in the Sky'. [13] [14] On 16 December 2019, Air Seoul launched a Hanoi – Seoul route.
The airline began its operation in 2007 as Busan International Airlines Company (Korean: 부산국제항공; Hanja: 釜山國際航空); it launched service in October 2008. [3] Air Busan is South Korea's third-largest low-cost airline, carrying 4.5 million domestic and 3.6 million international passengers in 2018.