Korean Air to take over rival Asiana

Korean Air to take over rival Asiana

Korean Air is set to acquire rival Asiana Airlines, with plans to consolidate into a single flag carrier that will dominate the Korean market. The agreement will see Korean Air acquire a majority share in Asiana for 1.8 trillion won ($1.6 billion) following an injection via its parent, Hanjin Kal Corp. Korean Air and Asiana are currently the two largest full-service carriers in Korea, with the merger expected to give Korean Air control of around…

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Delta and Korean Air joint venture approved

Delta and Korean Air joint venture approved

Skyteam members Delta Air Lines and Korean Air are set to launch a transpacific venture after being cleared by competition authorities in South Korea. The joint venture has now been approved by the United States Department of Transportation and the Korean Ministry of Land, Infrastructure and Transport, allowing for the next stages of preparation to go ahead. Delta and Korean will operate a combined network across the Pacific covering more than 290 destinations in the…

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