Korean Air says the merger with Asiana will not spur any layoffs or workforce reductions.
Credit: Newscom/Alamy Stock Photo
Korean Air has finalized its acquisition of Asiana Airlines, allowing it to begin the next steps in merging the two carriers. Korean acquired newly issued shares in Asiana to gain a 63.88% ownership stake, which makes Asiana a subsidiary of Korean Air. Korean paid KRW800 billion ($559 million) to...
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