Korean Air to Absorb Asiana Airlines and Integrate in December

M&A · Partnership
โดย Jiji Press·KR·Read original
Summary · why it matters

Korean Air announced on the 12th that its board of directors approved the integration with its subsidiary Asiana Airlines. The new company will launch on December 17, with the Asiana brand disappearing and being unified under Korean Air. The merged entity will become a mega-carrier with 230 aircraft and 28,000 employees, and its passenger traffic volume is expected to rank around 10th in the world.

Impact on stocks 2

Aerospace & Aviation▲ · 1 stocks
Korean Air Lines Co
003490
▲ PositiveCapitalrelevance

Korean Air's board approved the integration with Asiana, creating a mega-carrier and strengthening its market position.

Industrials▼ · 1 stocks
Asiana Airline
020560
▼ NegativeCapitalrelevance

Asiana Airlines will be absorbed and its brand discontinued, losing its independent identity and operations.

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