Key facts
- Asiana Airlines shareholders voted in favor of merging with Korean Air.
- The merger process has been ongoing for nearly six years.
Asiana Airlines shareholders approve merger with Korean Air
IN SHORT
Asiana Airlines shareholders have overwhelmingly approved the merger with rival Korean Air, concluding a nearly six-year acquisition process. The combined entity, to be named Korean Air, is scheduled to launch on December 17.
Key Numbers
1.8 trillion wonmerger deal value
US$1.6 billionmerger deal value
10th-largestglobal airline by fleet size
December 17scheduled launch date for merged airline
Who's Involved
Asiana Airlines Inc.
South Korea's second-largest carrier, whose shareholders approved the merger
Korean Air Co.
Larger rival that will acquire Asiana Airlines
Song Bo-young
Asiana Chief Executive Officer
↳ Why This Matters
The approval of the merger between Asiana Airlines and Korean Air will create a dominant national carrier, significantly reshaping South Korea's aviation landscape and potentially impacting competition and service offerings.