Acquiring Company
Korean Air
Acquired Company
Asiana Airlines
South KoreaSouth KoreaTransportationLeisureTravelAir TransportationTransportationTravelAir TransportationAerospaceDescription
Korean Air Co. has completed the acquisition process of Asiana Airlines, with shareholders approving the merger this week. This merger comes after nearly six years of efforts by Korean Air to take control of Asiana. The merger aims to strengthen their market position in the airline industry. Asiana Airlines reported significant losses prior to the merger.
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Based on deal dataFrequently asked
Who acquired Asiana Airlines?
Asiana Airlines was acquired by Korean Air, based in South Korea. The deal was reported on August 13, 2026. Korean Air is the largest airline and flag carrier of South Korea, offering domestic and international flights to over 100 cities in 44 countries. Korean Air is privately held and operates in Transportation.
When did Korean Air acquire Asiana Airlines?
Korean Air's acquisition of Asiana Airlines was reported on August 13, 2026. Korean Air Co. has completed the acquisition process of Asiana Airlines, with shareholders approving the merger this week. This merger comes after nearly six years of efforts by Korean Air to take control of Asiana. 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.