Asiana Airlines has finalized its merger with Korean Air during an extraordinary shareholders' meeting.
On August 12, Asiana Airlines announced that it approved the 'merger agreement' as originally proposed. The attendance rate for shareholders was 81.9%, with a support rate of 99.3%.
This decision is in line with the merger agreement signed on May 14, which allows Asiana Airlines to be absorbed by Korean Air.
Following this approval, the two companies plan to officially launch the integrated Korean Air on December 17.
Korean Air has been working on the merger process since officially announcing its acquisition of Asiana Airlines in November 2020, navigating through corporate merger reviews by domestic and international regulatory authorities.
Song Bo-young, CEO of Asiana Airlines, stated, "This has been a long journey of over five years since we began in November 2020. We will successfully conclude the merger process with Korean Air on December 17 and emerge as the new integrated Korean Air."
He emphasized, "This will be the first step in writing a new history for the South Korean aviation industry as a mega carrier."
Regarding the integration of mileage programs with Korean Air, CEO Song noted, "We are diligently consulting with the Fair Trade Commission to protect consumer interests and minimize inconveniences."
Meanwhile, Korean Air is also scheduled to hold a board meeting to vote on the merger approval today.
* This article has been translated by AI.
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