The deal grants Korean Air a 63.9% stake in Asiana Airlines, solidifying the merger as one of the most significant in the aviation industry in recent years. In a landmark transaction that positions ...

It’s been a sky-high saga worthy of a K-Drama script. After more than four years, South Korea’s two biggest airline groups have become one. Skift is here to help make sense of it all. It’s official.

Four score and 7 years ago, Korean Air and Asiana Airlines planned to merge. After a drawn-out process, the final approval came in December 2024, announcing that Korean Air will acquire a 63.88% stake ...

The acquisition was first struck in November 2020 to rescue debt-laden Asiana during the pandemic, but was delayed due to competition concerns. South Korea’s flag carrier Korean Air Lines has acquired ...