Korean Air Completes Acquisition of Asiana Airlines

Uniunea Europeana

In a significant milestone for South Korea's aviation industry, Korean Air has completed its long-awaited acquisition of Asiana Airline, bringing to a close a complex transaction that began in November 2020, aviationsourcenews.com reports. The strategic merger represents a transformative moment for the country's air transport sector, promising to reshape the competitive landscape of international aviation. On December 12, 2024, Korean Air secured a majority stake of 63.88% in Asiana Airlines

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