Asiana Airlines

Korean Air has completed its long-awaited acquisition of Asiana Airlines, solidifying its position as one of Asia’s largest carriers. The 1.8 trillion won (US$1.26 billion) deal, which has been in progress for four years, is the longest airline merger in history. Initially announced during the COVID-19 pandemic, the merger aimed to rescue Asiana Airlines, which […]

Asiana Airlines‘ cargo unit will be sold to South Korean cargo carrier Air Incheon for 470 billion won (US$342 million), Korean Air Lines announced on Wednesday, according to REUTERS news agency. The EU competition regulator in June approved Air Incheon as the preferred bidder to buy Asiana’s cargo business, as a condition of approval for