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  2. Merger of Korean Air and Asiana Airlines - Wikipedia

    en.wikipedia.org/wiki/Merger_of_Korean_Air_and...

    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]

  3. Korean Air takes over at Asiana in $1.6 bln deal - AOL

    www.aol.com/news/korean-air-takes-over-asiana...

    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 ...

  4. Asiana Airlines - Wikipedia

    en.wikipedia.org/wiki/Asiana_Airlines

    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]

  5. Star Alliance - Wikipedia

    en.wikipedia.org/wiki/Star_Alliance

    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 ...

  6. Air Seoul - Wikipedia

    en.wikipedia.org/wiki/Air_Seoul

    In 2023, the airline achieved its best-ever performance, with revenue of $310.9 billion and operating profit of $64.4 billion. Its operating profit margin was also the highest among domestic airlines. [17] As a result of merger with Korean Air, the airline, as well as parent company Air Busan will be integrated with Jin Air, Korean Air's ...

  7. Fiery plane crash kills 179 in worst airline disaster in ...

    www.aol.com/news/least-28-dead-fiery-aircraft...

    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.

  8. Air Busan - Wikipedia

    en.wikipedia.org/wiki/Air_Busan

    In 2018, Air Busan applied for a preliminary screening for an initial public offering. [6] In 2021, Korean Air's Post Merger Instruction plan for Asiana Airlines was approved by the Korea Development Bank. It includes provisions to merge Air Busan with Korean Air's low cost carrier subsidiary, Jin Air. [7]

  9. Korean Air - Wikipedia

    en.wikipedia.org/wiki/Korean_Air

    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.