Korean Air Completes Asiana Airlines Acquisition of 63.9% Shares, No U.S. Objections

Dec 12, 2024, 06:55 AM

Korean Air has successfully completed its acquisition of Asiana Airlines, finalizing a deal that positions it as one of Asia's largest airlines. The takeover, which involved the purchase of approximately 63.9% of Asiana's shares, has been confirmed by various sources, including Korean Air itself. The acquisition faced no objections from U.S. competition authorities, paving the way for the consolidation of the two major South Korean carriers into a single entity. This merger is expected to create a significant player in the Asian aviation market, enhancing Korean Air's operational capabilities and market reach.