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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, it was reported that Korean Air has announced the purchase of debt-laden Asiana Airlines in a deal worth US$1.3 billion.
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 ...
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]
Located 48 km (30 mi) west of Seoul, the capital and the largest city of South Korea, Incheon International Airport is the main hub for Korean Air, Asiana Airlines, Jeju Air, and Polar Air Cargo. The airport is a hub for international civilian air transportation and cargo traffic in East Asia.
The first international flight to land at the airport was a chartered Royal Air Philippines A320 flight from Hong Kong International Airport at 4:45 p.m. PST on September 30, 2019. [17] Meanwhile, Jeju Air Flight 4407, a Boeing 737-800 from Incheon International Airport , landed as the first commercial international flight at the airport on ...
The airline began its operation in 2007 as Busan International Airlines Company (Korean: 부산êµì œí•ê³µ; 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. Air Busan has grown ...
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