Korean Air-Asiana merger enters final phase
Asiana Airlines shareholders approved its high-profile merger with Korean Air on Wednesday, clearing a key final hurdle ahead of the official launch of an integrated national flag carrier in December. The approval concludes the corporate combination process that began in November 2020, when Korean Air decided to acquire its smaller rival. The deal has since undergone regulatory reviews by…
On Wednesday, Asiana Airlines' shareholders voted to approve the merger with Korean Air, marking the final hurdle before the formation of an integrated national flag carrier in December. This completion of the corporate combination process that began in November 2020, when Korean Air decided to acquire Asiana, after undergoing regulatory reviews by authorities in Korea and abroad.
At an extraordinary shareholders meeting, 81.9 percent of Asiana shareholders in attendance voted in favor of the merger with a 99.3 percent approval rate. The two airlines plan to officially launch the integrated carrier on December 17, with Asiana Airlines to be dissolved the same day. Asiana Airlines' CEO Song Bo-young hailed this development as the "first step toward writing a new chapter in Korea’s aviation industry as a megacarrier," emphasizing that all employees will unite to ensure a successful launch while concluding Asiana Airlines' final chapter.
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- Korean Air-Asiana merger enters final phase koreatimes.co.kr
