FTC approves combination of Jin Air, Air Seoul, Air Busan
The proposed merger of Jin Air, Air Busan and Air Seoul has cleared its final regulatory hurdle, paving the way for the three low-cost carriers (LCCs) to officially operate as a single carrier under the Jin Air brand beginning March 17, the nation’s antitrust authority said Thursday. Under the approvals by the Ministry of Land, Infrastructure and Transport and the Fair Trade Commission (FTC), the…
Following a final regulatory approval, the proposed merger of Jin Air, Air Busan and Air Seoul is set to proceed, consolidating the three low-cost carriers (LCCs) under the Jin Air brand starting March 17, according to South Korea's antitrust authority. The Ministry of Land, Infrastructure and Transport, coupled with the Fair Trade Commission (FTC), gave their green light to the integration plan, which will see the three carriers absorb assets, liabilities, employees, and legal standing via Jin Air's takeover following Korean Air's purchase of Asiana Airlines.
This regulatory clearance eliminates the primary hurdles to restructuring Hanjin Group's airline operations, paving the way for the launch of the unified Korean Air as a full-service carrier on December 17. Upon completion, Jin Air will assume control of the assets, liabilities, personnel, and legal identity of Air Busan and Air Seoul.
Together, the integrated airline will become the largest LCC in Korea, boasting around 58 aircraft by the end of 2025, merging the routes, aircraft, and operational infrastructure of all three carriers.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Gov't approves Jin Air's merger with Air Seoul, Air Busan en.yna.co.kr
- FTC approves combination of Jin Air, Air Seoul, Air Busan koreatimes.co.kr
