Korean Air to take over rival Asiana

The latest news from around the aviation world.

Korean Air to take over rival Asiana

Postby Greg on Mon Nov 16, 2020 11:08 am

n a major shake-up of the country’s airline industry, the owner of South Korea’s flag carrier Korean Air has announced a W1.8 trillion ($1.62 billion) takeover bid for embattled rival Asiana Airlines.

Korean Air and parent Hanjin KAL made the decision to “stabilise the Korean aviation industry”, which, like many others around the world, has acutely felt the impact of the coronavirus outbreak.

Post-merger, which will also see consolidation among both carriers’ low-cost units, Korean Air states that it will be “one of the top 10 airlines” in the world according to size, allowing it to compete more effectively with regional rivals.

[url=https://www.flightglobal.com/airlines/korean-air-to-take-over-rival-asiana/141136.article]Flight Global [\url]
User avatar
Site Administrator
Posts: 3381
Joined: Tue Jan 01, 2008 7:18 pm
Location: DFW
Country: United States (us)

Return to Aviation News

Who is online

Users browsing this forum: No registered users and 1 guest