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A Korean Air A380 in Seoul. The airline is adjusting its flight schedules and its fleet offerings in response to the Coronavirus pandemic. (Photo: AirlineGeeks | Ben Suskind)

Korean Air Acquires Asiana Airlines Rival

After being hit hard by the coronavirus for several months, a large merger and acquisition is going to happen in South Korea. Korean Air will acquire a 63.9% stake in Asiana Airlines and its no-frills carrier, Air Busan and Air Seoul for $1.62 billion. The airline will become the world’s 10th largest airline after the deal is completed. According to the local media, the state-run Korea Development Bank, also the creditor of Asiana Airlines gave a green light and inject…

Aviation-Centered Mergers and Acquisition in South Korea Slow to a…

With COVID-19 raging throughout the world, the aviation industry has experienced its longest battle in decades. In South Korea, mergers and acquisitions have halted since the pandemic began, a development that has proven particularly impactful for the aviation industry and those looking to take part in it. HDC Hyundai Development…