Gov't approves Jin Air's merger with Air Seoul, Air Busan

The South Korean government has approved the merger of Jin Air Co. with Air Seoul Co. and Air Busan Co., creating an integrated low-cost carrier (LCC) set to launch in March. The transportation ministry's approval follows the completion of Korean Air Co.'s merger with Asiana Airlines Inc. next month, with Jin Air being an affiliate of Korean Air and Air Seoul and Air Busan being subsidiaries of Asiana Airlines.

The merged entity will boast a combined fleet of 58 aircraft, making it South Korea's largest LCC. The Fair Trade Commission has also given its approval, deeming the merger unlikely to restrict competition. As part of the integration, Jin Air plans to expand Gimhae International Airport in Busan to become a second aviation hub, increasing international routes from 28 to 33 and weekly flights to 339 from 281.

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