Acquiring Company
Korean Air Lines
Acquired Company
Asiana Airlines
South KoreaSouth KoreaTransportationLeisureTravelAir TransportationTransportationTravelAir TransportationAerospaceDescription
On February 24, 2026, Korean Air announced plans to merge with Asiana Airlines. As part of a rebranding strategy, it will phase out the 'KAL' abbreviation, shifting to 'KE'. This rebranding is tied to a broader effort by Hanjin Group ahead of the completion of the merger later this year.
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Based on deal dataFrequently asked
Who acquired Asiana Airlines?
Asiana Airlines was acquired by Korean Air Lines, based in South Korea. The deal was reported on February 26, 2026. Korean Air is the flagship carrier and largest airline in South Korea. It provides passenger and cargo transport services globally. Korean Air Lines is privately held and operates in Transportation.
When did Korean Air Lines acquire Asiana Airlines?
Korean Air Lines's acquisition of Asiana Airlines was reported on February 26, 2026. On February 24, 2026, Korean Air announced plans to merge with Asiana Airlines. As part of a rebranding strategy, it will phase out the 'KAL' abbreviation, shifting to 'KE'. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Asiana Airlines do?
Asiana Airlines is a major South Korean airline, and with the acquisition of a 63.88 percent stake, it becomes a subsidiary of Korean Air. It is privately held, operating in Transportation, and is based in South Korea.
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