Korean Air Plans To Acquire Asiana In $1.6B Deal

Korea
After the merger, Korean Air expects to become one of the world’s top-10 largest carriers.
Credit: Joe Pries
The COVID-19 crisis is set to spark major consolidation in the South Korean airline industry, with Korean Air planning to purchase struggling rival Asiana Airlines. Korean Air said on Nov. 16 that its board has decided to buy Asiana for KRW1.8 trillion ($1.6 billion). State-owned Korea Development...

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