South Korea’s flag carrier Korean Air Lines has acquired a controlling stake in Asiana Airlines, combining the country’s biggest and second-largest airlines.

Going forward, the Korean/Asiana merger means Asiana will be run as a subsidiary with a separate brand for at least two years before integrating into one airline that retains the Korean Air name as outlined in the mergers and acquisition timeline parameters.

Find out about the mega-merger between Korean Air and Asiana Airlines and its implications for the global airline industry.

Korean Air said on Thursday it had completed its protracted purchase of South Korean rival Asiana Airlines, making it one of Asia's biggest carriers. The 1.8 trillion won ($1.3 billion) deal, the longest-ever merger to complete between airlines,

Korean Air Lines has acquired a controlling stake in Asiana Airlines for about $1 billion, concluding a four-year merger process involving South Korea’s top two airlines. Korean Air said Thursday that it had completed the payment of a total of 1.

Korean Air has finally closed its acquisition of Asiana Airlines after acquiring a 63.88% ownership stake and making Asiana its subsidiary.

Korean Airlines and Asiana have received approval from most regulatory bodies to merge. However, one issue remains unresolved, the fleet.

Korean Air has completed the acquisition of compatriot Asiana Airlines, after successfully netting a 63.88% ownership stake in the latter.

Korean Air has completed its protracted purchase of indebted South Korean rival Asiana Airlines, the airline said on Thursday (December 12), a major step towards forming one of Asia's biggest carriers.

Korean Air has finalized its acquisition of Asiana Airlines, allowing it to begin the next steps in merging the two carriers. Korean acquired newly issued shares in Asiana to gain a 63.88% ownership stake, which makes Asiana a subsidiary of Korean Air. Korean paid KRW800 billion ($559 million) to...