South Korea approves Korean Air and Asiana Airlines merger

Transport ministry approves Korean Air's integration with Asiana Airlines

South Korea's transport ministry on Thursday approved Korean Air Co.'s integration with Asiana Airlines Inc., paving the way for the launch of a combined entity in December. The Ministry of Land, Infrastructure and Transport made the decision after Korean Air and Asiana Airlines applied for approval following the signing of an integration agreement last month. In November 2020, Korean Air signed a deal to acquire a controlling stake in Asiana Airlines, aiming to form the world's 10th-largest air

By The Korea Herald