Acquiring Company
Jin Air
Acquired Company
Air Busan
South KoreaSouth KoreaTransportationTravelAir TransportationTransportationLeisureTravelAir TransportationDescription
Jin Air will merge with Air Busan and Air Seoul on March 17 next year. The merger will allow Jin Air to take over all assets, liabilities, and employees of both airlines. This move aims to strengthen their position in the low-cost carrier sector and improve operational efficiencies. The merger agreement has already been approved by the boards of all three carriers.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Air Busan?
Air Busan was acquired by Jin Air, based in South Korea. The deal was reported on August 21, 2026. Jin Air is the low-cost carrier of Hanjin Group. It focuses on providing budget-friendly air travel options while maintaining a standard of service. Jin Air is privately held and operates in Transportation.
When did Jin Air acquire Air Busan?
Jin Air's acquisition of Air Busan was reported on August 21, 2026. Jin Air will merge with Air Busan and Air Seoul on March 17 next year. The merger will allow Jin Air to take over all assets, liabilities, and employees of both airlines. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Air Busan do?
Air Busan is a low-cost airline based in Busan, South Korea. It provides affordable air travel options primarily in domestic routes and some international destinations. The airline is known for its value-oriented service and competitive pricing. It is privately held, operating in Transportation, and is based in South Korea.
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