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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 ]
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 .
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.
Airline alliances may also create disadvantages for the traveller, such as higher prices when competition is erased on a certain route or less frequent flights; for instance, if two airlines separately fly three and two times a day respectively on a shared route, their alliance might fly less than 5 (3+2) times a day on the same route.
As of December 2024, Asiana Airlines offers regular passenger and cargo service to over 80 destinations (except seasonal charter destinations) in 26 countries from its two hub airports, Incheon International Airport and Gimpo International Airport in South Korea. Outside South Korea, the countries with the largest airports served by Asiana ...
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Since early 2014, Asiana Airlines had considered launching a second low-cost carrier (LCC) in addition to Air Busan. It initially faced difficulties in proceeding with the project because of the Asiana Airlines Flight 214 crash in July 2013. [1] Asiana has only a minority 46% stake in Air Busan, while it has a controlling stake in Air Seoul. [2]