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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]
Asiana Airlines is a full-service airline member of Star Alliance with two subsidiary low-cost carriers Air Busan and Air Seoul. It is the largest shareholder of Air Busan , a regional carrier that the airline established as joint venture with Busan Metropolitan City . [ 6 ]
Star Alliance is an airline alliance headquartered in Frankfurt, Germany. [5] Founded on 14 May 1997, it was the world's first global airline alliance. [1] As of April 2024, it is also the world's largest airline alliance by market share, holding 17.4%, compared to 13.7% for SkyTeam and 11.9% for Oneworld.
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Asiana Airlines subsidiary ... Incheon International Airport: 1988: Star Alliance: Merged with Korean Air in 2024 Eastar Jet: ESR: ZE: EASTARJET: Gimpo International ...
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Following Sorokin's ruling, JetBlue terminated the alliance, as it unsuccessfully sought to bolster its efforts to win approval for the now-dropped $3.8-billion purchase of Spirit Airlines, which ...
This is a list of airline holding companies, that either own more than one airline or are the parent company of a single airline. A company or firm in which the holding company owns a significant portion of voting shares , usually 20–50% or a "minority of share ownership", is known as an associate company .