Asiana News

Reuters • Lisa Barrington

Korean Air Finalizes Asiana Acquisition with 63.88% Stake

Korean Air has completed its acquisition of a 63.88% stake in Asiana Airlines, cementing its position as a leading Asian carrier. The merger, announced four years ago, aims to optimize network efficiencies and enhance Incheon Airport as a strategic global hub.

2024-12-11T20:35:47.677387-08:00

Aviation Source

IATA Expands Turbulence Aware with Six Airlines in 2024

2024-12-10T16:51:18.081791-08:00

Aviation Week

Korean Air Set for Year-End Asiana Merger After EU Approval

2024-11-28T02:43:54.040451-08:00

koreatimes.co.kr

Korean Air's Robust Finances Support Asiana Merger

2024-12-15T22:54:00.314986-08:00

Asiana News Timeline

koreatimes.co.kr

Korean Air's Robust Finances Support Asiana Merger Market analysts highlight Korean Air's strong cash reserves and low debt ratio as key factors enabling the merger with financially weaker Asiana Airlines, overcoming existing concerns about the latter's fiscal health.

2024-12-15T22:54:00.314986-08:00

Korean Air's Robust Finances Support Asiana Merger

Reuters

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Korean Air Finalizes Asiana Acquisition with 63.88% Stake Korean Air has completed its acquisition of a 63.88% stake in Asiana Airlines, cementing its position as a leading Asian carrier. The merger, announced four years ago, aims to optimize network efficiencies and enhance Incheon Airport as a strategic global hub.

2024-12-11T20:35:47.677387-08:00

Korean Air Finalizes Asiana Acquisition with 63.88% Stake

Aviation Source

IATA Expands Turbulence Aware with Six Airlines in 2024 IATA has announced the expansion of its Turbulence Aware Platform, with six airlines joining in 2024. The addition of Asiana Airlines, British Airways, Scoot, and Singapore Airlines underscores the aviation industry's ongoing commitment to enhancing safety, efficiency, and sustainability through advanced data integration.

2024-12-10T16:51:18.081791-08:00

IATA Expands Turbulence Aware with Six Airlines in 2024

koreatimes.co.kr

Korean Air Finalizes Merger with Asiana Airlines Korean Air is set to complete its acquisition of Asiana Airlines next week, finalizing the merger of South Korea's leading carriers. This deal, which includes Air Busan, is poised to reshape the competitive landscape of the South Korean aviation market.

2024-12-08T09:46:10.314262-08:00

Korean Air Finalizes Merger with Asiana Airlines

Bloomberg Law

Korean Air Merges with Asiana, Consolidating Low-Cost Carriers Korean Air has secured final US approval for its merger with Asiana Airlines, creating one of the world's largest airlines. The merger will consolidate Asiana's budget brands under Jin Air, streamlining operations for greater efficiency in the competitive low-cost carrier market.

2024-12-02T17:40:43.708276-08:00

Korean Air Merges with Asiana, Consolidating Low-Cost Carriers

Cargo Facts

Air Incheon Prepares AOC Amendment for Asiana Freighters After EC Approval Following the European Commission's approval on November 28 for Air Incheon's acquisition of Asiana Airlines' freighter operations, the company plans to amend its AOC in Q1 2025. The amendment application will likely be submitted in February or March to facilitate the transfer after Korean Air's acquisition of Asiana.

2024-12-02T12:19:38.080208-08:00

Air Incheon Prepares AOC Amendment for Asiana Freighters After EC Approval

Skift

Korean Air and Asiana Merger Awaits Final U.S. Approval The merger between Korean Air and Asiana Airlines has received clearance from 13 global regulators, with the European Commission recently giving its approval. The merger now hinges on the awaited decision from U.S. authorities, which remains the final regulatory hurdle.

2024-12-02T06:00:07.493367-08:00

Korean Air and Asiana Merger Awaits Final U.S. Approval

Aviation Week

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Korean Air Set for Year-End Asiana Merger After EU Approval Korean Air anticipates finalizing its merger with Asiana Airlines by December, following the European Commission's sanction. Key conditions included selling Asiana's cargo arm to Air Incheon and allowing new entrants like T'way Airlines on overlapping routes, ensuring market competition compliance.

2024-11-28T02:43:54.040451-08:00

Korean Air Set for Year-End Asiana Merger After EU Approval