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 ...

South Korea's flag carrier Korean Air said Thursday it had bought a majority stake in rival Asiana Airlines for $1 billion, making it the effective owner four years after first expressing its ...

Seoul, South Korea — South Korea’s flag carrier Korean Air said Thursday it had bought a majority stake in rival Asiana Airlines for $1 billion, making it the effective owner four years after ...

SEOUL, Dec 29 (Reuters) - The crash of Jeju Air (089590.KS), opens new tab flight 7C2216 on Sunday marks the deadliest ever on South Korean soil and the worst involving a South Korean airline ...

Korean Air says the merger with Asiana will not spur any layoffs or workforce reductions. Credit: Newscom/Alamy Stock Photo Korean Air has finalized its acquisition of Asiana Airlines, allowing it ...

Korean Air has completed the acquisition of compatriot Asiana Airlines, after successfully netting a 63.88% ownership stake in the latter. The announcement comes as Korean Air made a final payment ...

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. Korean Air has completed its acquisition of Asiana Airlines ...

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.

SEOUL (Reuters) - The crash of Jeju Air flight 7C2216 on Sunday marks the deadliest ever on South Korean soil and the worst involving a South Korean airline since a 1997 Korean Air Lines crash in ...

The Asiana brand will continue to fly while Korean Air works toward completing the integration of the two airlines. Photo Credit: Thiago B Trvisan/Shutterstock Korean Airlines has completed its ...

orean Air said on Thursday it had completed its protracted purchase of South Korean rival Asiana Airlines, making it one of Asia's biggest carriers. The 1.8 trillion won ($1.3 billion) deal ...

SEOUL (Reuters) -South Korea will support smaller airlines and monitor market competitiveness after dominant carrier Korean Air completed a $1.3 billion acquisition of Asiana Airlines on Thursday ...