From rivals to allies: Korean Air completes Asiana acquisition in RM5.8b deal, forms Asian aviation giant
The acquisition of South Korea’s No. 2 carrier was hampered by competition concerns and Korean Air had to make significant concessions to competition watchdogs around the world, including handing routes to other airlines and selling Asiana’s cargo operations. It would rank alongside China’s top three state-owned carriers as one of the Asia-Pacific region’s largest by revenue, according to 2023 financial results.“The combined organisation projects natural staff growth through business expansion, with employees in overlapping functions being reassigned within the organisation,” it said in a statement.
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