Asiana shareholders approve merger with Korean Air
Asiana Airlines Inc., the country's second-largest carrier, said Wednesday its shareholders have approved its merger with larger rival Korean Air, wrapping up nearly six years of the latter's acquisition process. Asiana held an extraordinary shareholders' meeting to vote on the merger, with an overwhelming majority of shareholders voting in favor of the deal with the national flag carrier, a…
The shareholders of Asiana Airlines Inc. have approved the merger with larger rival Korean Air, concluding nearly six years of acquisition efforts. The merger, initially announced by Korean Air in November 2020, is valued at 1.8 trillion won ($1.6 billion) and would result in the creation of the world's 10th-largest airline by fleet size.
Asiana's CEO, Song Bo-young, announced during an extraordinary shareholders meeting that the integration of the two airlines' mileage programs is underway, pending approval from the Fair Trade Commission. The finalized merger, which will be named the combined entity, marks a significant step in reshaping Korea's aviation industry.
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- Asiana shareholders approve merger with Korean Air koreatimes.co.kr
- Asiana shareholders approve merger with Korean Air en.yna.co.kr
