Asiana Airlines

Korean Air expects to be able to start pooling resources with acquisition target Asiana from the beginning of 2025.

Korean Air has reached an agreement with Air Incheon regarding the sale of Asiana’s cargo unit, which is expected to be split off after Korean takes over Asiana.

Our roundup of the main aerospace and defense stories making the news this week.

South Korea’s international passenger traffic has almost recovered to pre-pandemic levels and is exceeding them in some key markets.

This represents an important step toward the proposed Korean Air-Asiana merger.

Four airlines had expressed interest in the Asiana freighter acquisition—Air Incheon, Air Premia, Eastar Jet and Jeju Air.

South Korean LCC Jeju Air has decided not to pursue a bid for Asiana’s freighter operations.

With only a handful of regulators left to approve the merger, Korean Air is working on the transition and integration of new fleet and manpower.

The carrier expects to confirm deals by the third quarter as order activity in Asia heats up.

Our roundup of the main aerospace and defense stories making the news this week.

Korean Air is reportedly considering an order for 20 Airbus A350s.

Korean Air has started construction of a new aircraft engine maintenance cluster in Unbuk, near Incheon International Airport.

The Korean Air-Asiana merger process is spawning significant opportunities for other carriers thanks to competition remedies required by overseas regulators.

Asiana’s cargo division will be sold if the Korean Air-Asiana merger is finalized.

Korean Air has agreed to sell off Asiana Airlines' cargo business and support T'Way's European expansion to secure approval from Brussels for the takeover.

Japan was one of three remaining jurisdictions that had not approved the deal; the last two are the U.S. and the EU.

For the airline and aerospace industries, many questions about pandemic recovery remain unanswered.

The recovery of the mainland China market will be particularly closely watched, along with expected major developments in airline consolidation.

The European Commission has set a new target date for deciding whether to approve Korean Air’s proposed takeover of Asiana.

The Asiana board says it will meet again in November, after an Oct. 30 meeting about Korean Air’s proposal did not produce a decision on the freighter sell-off.

South Korean LCC T’Way Air could play a role in Korean Air’s proposal to ease concerns from European regulators about the merger of Korean Air and Asiana.

The European Commission launched an in-depth investigation of the Korean Air-Asiana proposal in February over competition concerns.

Before the announcement, Asiana Pilots Union members had been engaging in a work-to-rule campaign, and had recently announced an indefinite strike from July 24.

Asiana’s pilots are stepping up their industrial action with plans for a strike following a long-running standoff with the South Korean airline.

Accidents are becoming more survivable, meaning regulators are doing their jobs, but finding additional improvements has become more challenging.