South Korea’s leading low-cost carrier, heavy with debt and its stock already near record lows, is now facing intense public ...

SEOUL (Reuters) - South Korea's largest airline Korean Air will create one large low-cost carrier under its existing Jin Air brand after its merger with smaller rival Asiana Airlines. Combining ...

South Korea’s flag carrier Korean Air Lines has acquired a controlling stake in Asiana Airlines for about $1 billion, combining the country’s biggest and second-largest airlines. Korean Air ...

The crash of Jeju Air flight 7C2216 on Sunday marks the deadliest ever on South Korean soil and the worst involving a South ...

Asiana Airlines, established in 1988 ... Air Busan and Air Seoul, creating a unified budget airline under the Jin Air brand. This consolidation is expected to enhance operational efficiency ...

Credit: Newscom/Alamy Stock Photo Korean Air has finalized its acquisition of Asiana Airlines, allowing it to begin the next steps in merging the two carriers. Korean acquired newly issued shares ...

With the acquisition of a 63.88 percent stake, Korean Air said it had invested 1.5 trillion won in the merger, "making Asiana Airlines a subsidiary" of the company.

It vaults them higher up in the rankings of international airlines, making them a ... a single low-cost carrier by blending Asiana's budget carriers Air Busan and Air Seoul with Korean Air's ...

The crash of Jeju Air flight 7C2216 on Sunday marks the deadliest ever on South Korean soil and the worst involving a South ...