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Korean Air Co. said August 7, 2024 it signed a tentative agreement valued at 470 billion won (US$341.7 million) to sell the cargo business division of Asiana Airlines Inc. to Air Incheon. [ 49 ] On 12 December 2024, Reuters reported that Korean Air has announced the completion of the purchase of the debt-laden Asiana Airlines in a deal worth 1. ...
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 ...
In December 2023, a Oneworld-branded and operated lounge opened in Incheon Airport Terminal 1 to serve passengers flying on seven of the alliance's 13 member carriers who serve the airport: American Airlines, Cathay Pacific, Finnair, Malaysia Airlines, Qantas, Qatar Airways, and SriLankan Airlines. [19]
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For the time being, Asiana Airlines will be operated as a subsidiary with its operations, IT, and other systems run by Korean Air until 2024. [ 12 ] [ 13 ] On June 30, 2021, it was reported that the post-merger plans between the two airlines were finalized and approved by the Korea Development Bank pending regulatory approval.